IMF Staff Country Reports

Mexico: Financial Sector Assessment Program-Technical Note on Cyber Resilience and Financial Stability

Publication Date:

November 10, 2022

Electronic Access:

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Summary:

Mexico’s financial system is digitalizing rapidly, increasing exposure to cyber risk. As in other jurisdictions, internet and mobile banking users in Mexico have increased substantially, but cyber incidents have also surged in recent years. The tight interdependencies within its financial system, and beyond, make Mexico vulnerable to evolving cyber threats. Thus, the Financial System Stability Council (CESF) has recognized cyber as a risk with potential to impact financial stability.

Series:

Country Report No. 2022/340

Subject:

International organization Monetary policy

Frequency:

regular