Legal Framework for Cybersecurity in the Financial Sector : A Comparative Study on Existing Domestic or Regional Legislation on Cybersecurity (English)

The financial ecosystem is undergoing various changes caused mainly by new technologies and, in particular, digitalization. In this time of transformation, when an incident could easily undermine trust and derail innovation, cybersecurity is more essential than ever. The growing prevalence and cost of cyberattacks are key challenges for financial institutions. Malicious cyber activities (such as ransomware, phishing and spoofing, identity theft, and...

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Author

Malaguti,Maria Chiara;

Delort,Dorothee;

Lee,Yejin Carol;
Document Date
2022/02/28
Document Type
Report
Report Number
171608
Volume No
1
Country
World,
Region
Other,
Disclosure Date
2022/05/19
Disclosure Status
Disclosed
Doc Name
Legal Framework for Cybersecurity in the Financial Sector : A Comparative Study on Existing Domestic or Regional Legislation on Cybersecurity

Language

English

Rel. Proj ID

1W-Financial Inclusion Global Initiative - Global Engagements -- P164770

Major Sector

FY17 - Financial Sector

Theme

FY17 - Financial inclusion,FY17 - Financial Infrastructure and Access

Sector

FY17 - Public Administration - Financial Sector

TF No/Name

TF0A5723-FIGI Secretariat,TF0A5724-FIGI Electronic Payments Acceptance WG,TF0A5725-FIGI Cyber Security WG,TF0A5721-FIGI Scoping China,TF0A5726-FIGI Scoping Mexico,TF0A5735-FIGI Digital ID for Financial Services WG,TF0A5736-FIGI Scoping Egypt

Topics

Cyber Security for Banking,Finance and Growth,Financial Sector Development,

Unit Owning

EFI-FCI-Fin.Incl.,Infra&Acc (EFNFI)

Originating Unit

F&M GP GST2- 2B Incl & Access (GFM2B)

Version Type

Final

Product Line

Advisory Services & Analytics

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Citation

Malaguti,Maria Chiara; Delort,Dorothee; Lee,Yejin Carol.

Legal Framework for Cybersecurity in the Financial Sector : A Comparative Study on Existing Domestic or Regional Legislation on Cybersecurity (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099735005172232846

Legal Framework for Cybersecurity in the Financial Sector : A Comparative Study on Existing Domestic or Regional Legislation on Cybersecurity (English)

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