Protecting Financial Stability against Cyber Threats: Proposal for an International Agreement

Wednesday, January 17, 2018 - 4:30 pm5:00 pm

Tim Maurer, Co-director, Cyber Policy Initiative, Carnegie Endowment for International Peace

Abstract: 

In their March 2017 communique, the G20 Finance Ministers and Central Bank Governors warned that “The malicious use of Information and Communication Technologies could…undermine security and confidence and endanger financial stability.” That is why, the Carnegie Endowment has proposed that the G20 explicitly commit not to engage in offensive cyber operations that could undermine financial stability, namely manipulating the integrity of data of financial institutions or undermining the availability of critical systems, and to cooperate when such incidents occur. Such an agreement by the world’s leading economies would send a clear signal condemning such activity and enable future cooperation. The G20 has been discussing such a commitment by its member states, which, if adopted, will require the collaboration between governments, financial institutions, and technical experts to be effective.

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BibTeX
@inproceedings {208149,
author = {Tim Maurer},
title = {Protecting Financial Stability against Cyber Threats: Proposal for an International Agreement},
booktitle = {Enigma 2018 (Enigma 2018)},
year = {2018},
address = {Santa Clara, CA},
url = {https://www.usenix.org/node/208150},
publisher = {{USENIX} Association},
}