Cyber Risk and Resilience for Critical FMI

Cyber-attacks represent one of the most severe threats to financial stability, with critical Financial Market Infrastructures (FMIs)—including payment systems and clearing houses—being prime targets. A successful attack could disrupt settlement, compromise data, or cause a systemic liquidity crisis. This course provides a comprehensive and advanced examination of the evolving **Cyber Risk** landscape and the implementation of robust **Cyber Resilience** frameworks for FMIs. It goes beyond basic IT security to focus on threat intelligence, response protocols for extreme cyber incidents, the role of international standards (e.g., FSB, CPMI), and the crucial coordination between the central bank, FMI operators, and system participants to ensure the integrity and continuity of critical services under duress. Participants will develop the knowledge to lead cyber stress testing and ensure defense-in-depth strategies are effective.