Cyber Risk and the U.S. Financial System: A Pre-Mortem Analysis

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Insurance Information Institute - Dec 31, 2019

The Federal Reserve Bank of New York modeled how a cyberattack could spread through the U.S. financial system, focusing on the wholesale payments network. The report estimates that the impairment of any of the five most active U.S. banks will result in significant spillovers to other banks, with 38...

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