Switzerland: Financial Sector Assessment Program-Technical Note on Cyber Risk Supervision
November 13, 2025
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.
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
Pages:
36
Volume:
2025
DOI:
Issue:
296
Series:
Country Report No. 2025/296
Stock No:
1CHEEA2025005
ISBN:
9798229031103
ISSN:
1934-7685





