Norway:Financial Sector Assessment Program-Technical Note-Cybersecurity Risk Supervision and Oversight

Financial Sector Assessment Program-Technical Note-Cybersecurity Risk Supervision and Oversight

Volume/Issue: Volume 2020 Issue 262

Publication date: August 2020

ISBN: 9781513553146

$18.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats


English

Prices in red indicate formats that are not yet available but are forthcoming.

Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Finance , Investments and Securities-General , Public Finance , ISCR , CR , cybersecurity incident , cybersecurity risk , incident report , NSM cybersecurity principle , FSA plan , incident information , information sharing , risk management , cybersecurity risk supervision , oversight function , Cyber risk , Financial sector , Financial stability assessment , PFM information systems , Securities , Global

Also of interest

Republic of Congo : 2001 Article IV

Spain

Malawi

Peru

Summary

The Norwegian financial system has a long history of incorporating new technology. Norway is at the forefront of digitization and has tight interdependencies within its financial system, making it particularly vulnerable to evolving cyber threats. Norway is increasingly a cashless society, with surveys and data collection suggesting that only 10 percent of point-of-sale and person-to-person transactions in 2019 were made using cash.1 Most payments made in Norway are digital (e.g., 475 card transactions per capita per annum)2 and there is an increase in new market entrants providing a broad range of services. Thus, good cybersecurity is a prerequisite for financial stability in Norway.