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

_IMF Staff Country Reports, November 13, 2025_

## Source details

**Canonical URL:** [Switzerland: Financial Sector Assessment Program-Technical Note on Cyber Risk Supervision](https://www.imf.org/en/publications/cr/issues/2025/11/13/switzerland-financial-sector-assessment-program-technical-note-on-cyber-risk-supervision-571799)

## Other formats

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## Bibliographic details
- Published: November 13, 2025
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229031103.002

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### Overview
- Publication date: November 13, 2025
- Core message: Cyber security is recognized as one of the major risks in Switzerland by both authorities and financial market players.
- Context: With the advancement of digitalization in Switzerland, cyber incidents have been increasing in frequency and sophistication, including in the financial sector.
- Supervisory emphasis: 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.

### Key findings
- Cyber security identified as a major risk by authorities and financial market participants.
- Cyber incidents are increasing in frequency and sophistication in Switzerland.
- Financial sector affected: cyber incidents include impacts on the financial sector specifically.
- Regulatory/supervisory recognition: SNB and FINMA both regard cyber risk as a significant threat to the financial sector.

### Subjects and keywords
- 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

*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 9/23/2026, https://doi.org/10.5089/9798229031103.002*

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_Source: https://www.imf.org/en/publications/cr/issues/2025/11/13/switzerland-financial-sector-assessment-program-technical-note-on-cyber-risk-supervision-571799_