The increase in the adoption of cloud computing and technologies, as well as integration of global payment systems and technologies, including the growing crypto asset market expose the global financial system to cyber attacks

Financial technologies amplify cyber risks 2.9 Cyber vulnerabilities continue to increase as new financial technologies emerge and as artificial intelligence (AI) advances in global financial markets. The increase in the adoption of cloud computing and technologies, as well as integration of global payment systems and technologies, including the growing crypto asset market expose the global financial system to cyber attacks. These vulnerabilities are expected to increase amid growing global geoeconomic fragmentation, which undermines efforts to coordinate the mitigation of cyber-security risks. https://www.bankofbotswana.bw/sites/default/files/publications/Financial%20Stability%20Report%20-%20May%202024.pdf