[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-202970-105":59,"doc-detail-202970-en":130},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":123,"head_meta":125,"extra_data":127,"updated_unix":129},105,"en","cyber-resilience-a-financial-stability-perspective","Cyber Resilience - A Financial Stability Perspective","","Cyber resilience is examined through a financial stability lens in a speech by Andrew Gracie, Executive Director at Resolution, Bank of England. The address highlights how cyber threats can corrupt or destroy core firm functions, disrupt financial market infrastructure, and leave recovery uncertain compared with other operational disruptions. It emphasizes the need for an adaptive defence posture, active threat intelligence engagement, and sector-wide resilience testing. The Bank of England explains responses including cross-sector review of cyber risk management and vulnerability testing via CBEST, supported by an industry questionnaire.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/cyber-resilience-a-financial-stability-perspective/202970/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/cyber-resilience-a-financial-stability-perspective/202970.png","ImageObject",300,407,{"name":92,"@type":93},"Caleb Sterling","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-29","2026-09-04",true,{"@type":102,"interactionType":103,"userInteractionCount":52},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"Why does cyber risk require a different approach than other operational disruptions?","Question",{"text":112,"@type":113},"Detection can be harder and conventional risk-management mechanisms may not protect against cyber attacks. Cyber also involves evolving, scalable threats from international actors, making recovery timing and routes more uncertain.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"What potential cyber impacts on the finance sector worry authorities most?",{"text":117,"@type":113},"Authorities are especially concerned about attacks that could disrupt the UK system by damaging key firms or financial market infrastructure, and about how that damage could transmit through the sector.",{"name":119,"@type":110,"acceptedAnswer":120},"How is the UK assessing and improving cyber resilience in the financial sector?",{"text":121,"@type":113},"The Financial Policy Committee recommended testing and improving resilience with core firms. The Bank of England describes a cross-sector review of cyber risk management practices and vulnerability testing via CBEST, supported by a questionnaire for core firms’ self-assessments.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},202970,1788552976,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":52,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":24,"language":139,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":140,"faqs":141,"seo_title":142,"seo_description":67,"update_tm":129,"read_time":143,"preview_page_count":4},962084925290,"https://ap-avatar.wpscdn.com/davatar_085a072bc5b1113ac321206ff7593b45","Cyber resilience: a financial stability perspective  \nSpeech given by  \nAndrew Gracie, Executive Director, Resolution, Bank of England  \nCyber Defence and Network Security conference, London  \n23 January 2015  \nIn the last few weeks in mainstream media cyber has been to the fore. The hacking of Sony1 and related reports of attacks on nuclear reactors in South Korea2 provide a salutary reminder of what we are up against. The threat is there not only to steal data but to disrupt or destroy the functions of a firm. Detecting threats, being ready to respond to attacks and the capability to recover all pose new challenges for firms in every sector.  \nIn the finance sector, we have to contemplate the possibility that core functions in firms, the financial market infrastructure that links them together or the supply chains that support them, may be damaged in a cyber attack, either through the corruption or loss of data or outright loss of systems.  \nThese are issues we already think about in the context of other types of major operational disruption.  \nBut the risks around cyber are different. Detection of a problem may be more difficult. There is not the same symmetry of information that there might be in the event of bomb, flood or fire. And the mechanisms we have put in place to manage these risks may not protect against a cyber attack. Our current approach to ensure firms are able to continue to operate core functions in a major operational disruption involves ensuring that firms have primary and secondary sites at a safe distance from each other and the capacity to switch operations between the two without any extended interruption in activity. But with cyber such common systems environments between primary and secondary sites and mirroring of data between the two could , in the event of a successful attack, result in a complete loss of systems , disrupting a firm’s capacity to operate and leaving the timeframe and route to recovery uncertain.  \nUnlike most other forms of operational disruption, we know too with cyber that this is not a game against nature. There are groups out there that are motivated to attack the sector. For most, the motivation is economic; that accounts for the rise in fraud. But there are actors out there, sometimes state-sponsored, who may be motivated to bring systems down and cause harm to the sector. Their capabilities vary, but it is in the nature of cyber that attack types are constantly evolving and readily scalable. And the threat is international. Attacks can originate anywhere around the globe.  \nThis all implies a different disposition for cyber defence. We should not expect to build an impermeable perimeter that, through technology design, will withstand attack. Rather we should expect the cyber threat tobe ever-present, ever-evolving and networks to be penetrated. The capability to identify where this has occurred and to respond is key. Part of this is active engagement with threat intelligence to understand likely adversaries, their motivations and ways of working.  \nFor all these reasons, addressing cyber risk in the financial sector is a high priority for the Bank of England. It touches on most of our responsibilities – as prudential supervisor of financial firms, as supervisor of financial  \n1 [http://www.bbc.co.uk/news/entertainment-arts-30512032](http://www.bbc.co.uk/news/entertainment-arts-30512032)  \n2 [http://www.theguardian.com/world/2014/dec/22/south-korea-nuclear-power-cyber-attack-hack](http://www.theguardian.com/world/2014/dec/22/south-korea-nuclear-power-cyber-attack-hack)  \nAll speeches are available online [at www.bankofengland.co.uk/publications/Pages/speeches/default.aspx](at www.bankofengland.co.uk/publications/Pages/speeches/default.aspx) 2  \n2  \nmarket infrastructure – and operator of financial market infrastructure (of real time gross settlement (RTGS))  \n– and as UK authority responsible for financial stability. Financial stability is the unifying objective in all of t","cbCaihmAqD2Zk7BS","https://ap.wps.com/l/cbCaihmAqD2Zk7BS","pdf",113114,"English","# Introduction\n## Cyber risk versus other operational disruption\n## Defence posture and threat intelligence\n# Bank of England priorities\n## Link to prudential supervision and financial stability\n## Focus on system-level disruption","[{\"question\":\"Why does cyber risk require a different approach than other operational disruptions?\",\"answer\":\"Detection can be harder and conventional risk-management mechanisms may not protect against cyber attacks. Cyber also involves evolving, scalable threats from international actors, making recovery timing and routes more uncertain.\"},{\"question\":\"What potential cyber impacts on the finance sector worry authorities most?\",\"answer\":\"Authorities are especially concerned about attacks that could disrupt the UK system by damaging key firms or financial market infrastructure, and about how that damage could transmit through the sector.\"},{\"question\":\"How is the UK assessing and improving cyber resilience in the financial sector?\",\"answer\":\"The Financial Policy Committee recommended testing and improving resilience with core firms. The Bank of England describes a cross-sector review of cyber risk management practices and vulnerability testing via CBEST, supported by a questionnaire for core firms’ self-assessments.\"}]","Cyber Resilience - A Financial Stability Perspective | PDF",13]