Operational Resilience in Digital Payments: Experiences and Issues
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Summary:
Major operational incidents in payment systems suggest the need to improve their resiliency. Meanwhile, as payment infrastructures become more digitalized, integrated, and interdependent, they require an even higher degree of resilience. Moreover, risks that could trigger major disruptions have become more acute given the rise in power outages, cyber incidents, and natural disasters. International experiences suggest the need to strengthen reliability objectives, redundancies, assessment of critical service providers, endpoint security, and alternative arrangements
Series:
Working Paper No. 2021/288
Subject:
Cyber risk Environment Financial markets Financial regulation and supervision Infrastructure National accounts Natural disasters Operational risk Payment systems Technology
Frequency:
regular
English
Publication Date:
December 10, 2021
ISBN/ISSN:
9781616355913/1018-5941
Stock No:
WPIEA2021288
Pages:
39
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