Systemic Cyber Risk

Systemic Cyber Risk — Cyber risk capable of causing disruption across multiple institutions, markets or critical financial functions.

Why Systemic Cyber Risk matters in finance

Shared infrastructure, interconnections and synchronized responses can amplify an incident beyond the original victim.

Security is also a market-infrastructure question

In financial services, systemic cyber risk should be understood in relation to operational continuity, data integrity, payments, market infrastructure and interconnected dependencies. A control can be technically effective while still leaving material resilience risk if critical services cannot continue or recover during disruption.