IMF Staff Country Reports

Switzerland: Financial Sector Assessment Program-Technical Note on Cyber Risk Supervision

November 13, 2025

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Format: Chicago

International Monetary Fund. Monetary and Capital Markets Department "Switzerland: Financial Sector Assessment Program-Technical Note on Cyber Risk Supervision", IMF Staff Country Reports 2025, 296 (2025), accessed 12/18/2025, https://doi.org/10.5089/9798229031103.002

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Summary

Cyber security is recognized as one of the major risks in Switzerland by both authorities and
financial market players. With the advancement of digitalization in Switzerland, cyber incidents
have been increasing in frequency and sophistication, including in the financial sector. Both the
Swiss National Bank (SNB) and the Swiss Financial Market Supervisory Authority (FINMA), the key
institutions overseeing cyber risk, are tagging it as a significant threat to the financial sector.

Subject: Cyber risk, Economic sectors, Financial regulation and supervision, Financial sector, Operational risk, Technology

Keywords: Cyber risk, financial market supervision, Financial sector, Global, IMF staff, market infrastructure, Operational risk, staff team, supervision Act