Cyber crime is central banks’ top financial instability risk
Upper-middle income countries more likely to be wary of foreign exchange crisis
Central banks worldwide are most likely to believe that cyber crime poses a threat of financial instability than other risk factors over the next 12 months, the Financial Stability Benchmarks 2024 find.
Of the 34 institutions that provided data on this question, 10 (29.4%) cited cyber crime as major risk of financial instability to their jurisdictions. Five (14.7%) central banks consider a foreign exchange crisis as a threat. The least projected risk factor is banks’ capital levels.
Threat
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