publication . Article . Research . 2017

Toward a global norm against manipulating the integrity of financial data

Maurer, Tim; Levite, Ariel; Perkovich, George;
Open Access English
  • Published: 01 Jun 2017 Journal: Economics : the Open-Access (issn: 1864-6042, Copyright policy)
  • Publisher: Kiel Institute for the World Economy
Abstract
The financial crisis that erupted in 2007 highlighted how important trust is for the global system and how fragile it can be. The 2016 Bangladesh central bank cyber incident exposed a new threat to financial stability and the unprecedented scale of the risk that malicious cyber actors pose to financial institutions. Beyond theft, using cyber operations to manipulate the integrity of data, in particular, poses a distinct and greater set of systemic risks than other forms of financial coercion. The complex and interdependent character of the financial system and its transcendence of physical and national boundaries mean that manipulating the integrity of financial...
Subjects
free text keywords: F50, F55, G15, H87, K24, K33, G20, cybersecurity, financial stability, data integrity, financial institutions, Social Sciences, H, Economics as a science, HB71-74, ddc:330
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publication . Article . Research . 2017

Toward a global norm against manipulating the integrity of financial data

Maurer, Tim; Levite, Ariel; Perkovich, George;