Mexico: Financial Sector Assessment Program-Technical Note on Cyber Resilience and Financial Stability

Mexico: Financial Sector Assessment Program-Technical Note on Cyber Resilience and Financial Stability
ISBN-10
ISBN-13
9798400224720
Series
Mexico
Category
Business & Economics
Pages
42
Language
English
Published
2022-11-10
Publisher
International Monetary Fund
Author
International Monetary Fund. Monetary and Capital Markets Department

Description

Mexico’s financial system is digitalizing rapidly, increasing exposure to cyber risk. As in other jurisdictions, internet and mobile banking users in Mexico have increased substantially, but cyber incidents have also surged in recent years. The tight interdependencies within its financial system, and beyond, make Mexico vulnerable to evolving cyber threats. Thus, the Financial System Stability Council (CESF) has recognized cyber as a risk with potential to impact financial stability.

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