Cyber resilience in the financial sector

Authors Danmarks Nationalbank
Subject Press releases from Danmarks Nationalbank
Type Press Releases  
Year 2018
Published 6 September 2018
​Most of the key players in the financial sector assess that they have raised their levels of cyber resilience since 2016. A Few have not improved their level. That is the conclusion of a questionnaire survey which follows up a similar survey conducted in 2016.

6 September 2018

Most of the key players in the financial sector assess that they have raised their levels of cyber resilience since 2016. A Few have not improved their level. That is the conclusion of a questionnaire survey which follows up a similar survey conducted in 2016.

The questionnaire survey has been conducted by Danmarks Nationalbank in cooperation with the Danish Financial Supervisory Authority, and the results are used in an analysis of the cyber resilience in the financial sector which is published today.

"It is pleasing to see that, according to the survey, cyber resilience has increased and most financial sector participants have complied with our recommendations from 2016. However, especially the few respondents who have not yet implemented the 2016 recommendations should give higher priority to this area," says Nathalie Pauline Tuxen, Head of Payment Systems at Danmarks Nationalbank.

Some respondents have made significant improvements within all categories, while most report improvement on some parameters.

The analysis indicates that the cyber threat level against the Danish financial sector is generally high and that cyberattacks with an impact on financial stability could potentially occur.

"With the cyber threat level in mind, it is important that the efforts to improve cyber resilience continue and that no one rests on the laurels. So Danmarks Nationalbank will continue to monitor cyber developments closely in the coming years and will also conduct similar surveys of cyber resilience levels," says Nathalie Pauline Tuxen.

Enquiries can be directed to Ole Mikkelsen, press consultant, tel. +45 3363 6027.