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  1. When it rains, it pours
    cyber risk and financial conditions
    Erschienen: [2022]
    Verlag:  Federal Reserve Bank of New York, New York, NY

    We analyze how systemic cyber risk in the wholesale payments network relates to adverse financial conditions. We show that at the onset of the COVID-19 pandemic, payment activity increased, became more concentrated, and showed intraday liquidity... mehr

    Zugang:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 207
    keine Fernleihe

     

    We analyze how systemic cyber risk in the wholesale payments network relates to adverse financial conditions. We show that at the onset of the COVID-19 pandemic, payment activity increased, became more concentrated, and showed intraday liquidity stress. Cyber vulnerability was elevated in late February and early March 2020, with the potential impact of a cyberattack about 40 percent greater than in the remainder of 2020. Policy interventions to stabilize markets mitigated cyber vulnerability, particularly corresponding to large increases in aggregate reserves. We observe that cyber vulnerability and other financial shocks cannot be treated as uncorrelated risks and policy solutions for cyber security need to be calibrated for adverse financial conditions.

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/266106
    Schriftenreihe: Staff reports / Federal Reserve Bank of New York ; no. 1022 (June 2022)
    Schlagworte: cyber; banks; networks; payments; COVID-19
    Umfang: 1 Online-Ressource (circa 22 Seiten), Illustrationen
  2. Femina xenologica
    Autor*in: Mušić, Lejla
    Erschienen: 2018
    Verlag:  LAP LAMBERT Academic Publishing, Saarbrücken

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9786139975341; 6139975344
    Weitere Identifier:
    9786139975341
    Auflage/Ausgabe: 1. Auflage
    Weitere Schlagworte: (Produktform)Electronic book text; Femina; Xeno; Xenology; cyber; (VLB-WN)1726: Soziologie/Frauenforschung, Geschlechterforschung
    Umfang: Online-Ressource, 144 Seiten
    Bemerkung(en):

    Lizenzpflichtig. - Vom Verlag als Druckwerk on demand und/oder als E-Book angeboten

  3. Cyber risk and the U.S. financial system
    a pre-mortem analysis
    Erschienen: [2021]
    Verlag:  Federal Reserve Bank of New York, New York, NY

    We model how a cyber attack may be amplified through the U.S. financial system, focusing on the wholesale payments network. We estimate that the impairment of any of the five most active U.S. banks will result in significant spillovers to other... mehr

    Zugang:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 207
    keine Fernleihe

     

    We model how a cyber attack may be amplified through the U.S. financial system, focusing on the wholesale payments network. We estimate that the impairment of any of the five most active U.S. banks will result in significant spillovers to other banks, with 38 percent of the network affected on average. The impact varies and can be larger on particular days and in geographies with concentrated banking markets. When banks respond to uncertainty by liquidity hoarding, the potential impact in forgone payment activity is dramatic, reaching more than 2.5 times daily GDP. In a reverse stress test, interruptions originating from banks with less than $10 billion in assets are sufficient to impair a significant amount of the system. Additional risk emerges from third-party providers, which connect otherwise unrelated banks.

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/241102
    Auflage/Ausgabe: Revised May 2021
    Schriftenreihe: Staff report / Federal Reserve Bank of New York ; no. 909 (May 2021)
    Schlagworte: cyber; banks; networks; payments
    Umfang: 1 Online-Ressource (circa 50 Seiten), Illustrationen