Norway : Financial Sector Assessment Program-Technical Note-Cybersecurity Risk Supervision and Oversight

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

August 12, 2020

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The Norwegian financial system has a long history of incorporating new technology. Norway is at the forefront of digitization and has tight interdependencies within its financial system, making it particularly vulnerable to evolving cyber threats. Norway is increasingly a cashless society, with surveys and data collection suggesting that only 10 percent of point-of-sale and person-to-person transactions in 2019 were made using cash.1 Most payments made in Norway are digital (e.g., 475 card transactions per capita per annum)2 and there is an increase in new market entrants providing a broad range of services. Thus, good cybersecurity is a prerequisite for financial stability in Norway.

Series:

Country Report No. 2020/262

Frequency:

regular

English

Publication Date:

August 12, 2020

ISBN/ISSN:

9781513553146/1934-7685

Stock No:

1NOREA2020004

Format:

Paper

Pages:

30

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