Cyber Risk, Market Failures, and Financial Stability /

Cyber-attacks on financial institutions and financial market infrastructures are becoming more common and more sophisticated. Risk awareness has been increasing, firms actively manage cyber risk and invest in cybersecurity, and to some extent transfer and pool their risks through cyber liability ins...

Ful tanımlama

Detaylı Bibliyografya
Yazar: Kopp, Emanuel
Diğer Yazarlar: Kaffenberger, Lincoln, Wilson, Christopher
Materyal Türü: Dergi
Dil:English
Baskı/Yayın Bilgisi: Washington, D.C. : International Monetary Fund, 2017.
Seri Bilgileri:IMF Working Papers; Working Paper ; No. 2017/185
Online Erişim:Full text available on IMF
LEADER 02046cas a2200265 a 4500
001 AALejournalIMF017821
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781484313787 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Kopp, Emanuel. 
245 1 0 |a Cyber Risk, Market Failures, and Financial Stability /  |c Emanuel Kopp, Lincoln Kaffenberger, Christopher Wilson. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2017. 
300 |a 1 online resource (36 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Cyber-attacks on financial institutions and financial market infrastructures are becoming more common and more sophisticated. Risk awareness has been increasing, firms actively manage cyber risk and invest in cybersecurity, and to some extent transfer and pool their risks through cyber liability insurance policies. This paper considers the properties of cyber risk, discusses why the private market can fail to provide the socially optimal level of cybersecurity, and explore how systemic cyber risk interacts with other financial stability risks. Furthermore, this study examines the current regulatory frameworks and supervisory approaches, and identifies information asymmetries and other inefficiencies that hamper the detection and management of systemic cyber risk. The paper concludes discussing policy measures that can increase the resilience of the financial system to systemic cyber risk. 
538 |a Mode of access: Internet 
700 1 |a Kaffenberger, Lincoln. 
700 1 |a Wilson, Christopher. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2017/185 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2017/185/001.2017.issue-185-en.xml  |z IMF e-Library