Cybersecurity in Finance. Getting the policy mix right!
Cybersecurity in Finance. Getting the policy mix right!

Author(s): Richard Parlour, Sylvain Bouyon, Simon Krause
Subject(s): Politics / Political Sciences, Politics, Social Sciences, Economy, Sociology, Security and defense, Criminology, ICT Information and Communications Technologies
Published by: CEPS Centre for European Policy Studies
Keywords: Cybersecurity; France; Data protection; Cyberattacks; Criminology; cyberterrorists;
Summary/Abstract: With the inexorable rise of e-commerce comes the inexorable rise of the e-criminal. Cybercrime is now the world’s fastest growing crime. It has leapt to number two of the top ten business risks worldwide, from not even appearing in that list five years ago. For certain countries, cyberattack is now the risk of greatest concern. Gone are the days of concern about a low level hack of a website by a script kiddie. Today’s attackers are multi-faceted and increasing in sophistication, ranging from advanced persistent threats, corporate espionage, organised crime and ‘hactivists’ to cyberterrorists, ever more competent, and ever better funded. Cybersecurity has moved from being a technical issue to a political and boardroom issue. Financial markets are particularly important as they oil the wheels of all member state economies.

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