Sweden:Financial Sector Assessment Program–Technical Note on Cybersecurity Risk Supervision and Oversight

Author: International Monetary Fund. Monetary and Capital Markets Department

Sweden: Financial Sector Assessment Program–Technical Note on Cybersecurity Risk Supervision and Oversight

Volume/Issue: Volume 2023 Issue 135

Publication date: April 2023

ISBN: 9798400237911

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Topics covered in this book

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Banks and Banking , Finance , Investments and Securities-General , Money and Monetary Policy , International - Economics , NIST cyber security framework , supervisory authority , crisis management exercise , Finansinspektionen organization chart , telecom authority , Cyber risk , Financial sector , Securities , Operational risk , Financial Sector Assessment Program , Baltics

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Summary

Sweden's financial sector is highly digitalized and interconnected, and related technological developments heighten cyber threats and vulnerabilities. The cyber threat landscape has evolved, with many Swedish financial institutions victims of Distributed Denial of Service (DDoS) attacks. Wider, more destructive attacks are likely in the near future.