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The Future of Financial Stability and Cyber Risk
Report

The Future of Financial Stability and Cyber Risk


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Editorial Rating

8

Qualities

  • Analytical
  • Overview
  • Hot Topic

Recommendation

Cyberrisks are insidious threats that could accelerate cascading systemic shocks to the global financial system. These attacks seem to come with greater frequency and sophistication, continually raising the learning curve for those who seek to contain them. This noteworthy analysis from financial experts in academia and finance addresses a topic of universal relevance and makes for required reading for policy makers, executives and IT professionals.

Take-Aways

  • Threats to the financial system extend beyond the traditional risks that can cause chaos in an economy.
  • A series of cyberattacks that cause a sudden price crash or that access investment accounts could trigger a run on financial institutions.
  • A cyberinvasion that changes the accuracy or completeness of financial data could force data systems to shut down, undermining confidence.

About the Authors

Jason HealeyPatricia Mosser and Katheryn Rosen are with the Columbia University School of International and Public Affairs. Adriana Tache is a vice president at the Citi Fraud Fusion Center.


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