Today, the power of the internet;  super computers, social media and “big data”; as well as the potential opportunities offered by new technologies, such as block chain, dominate financial news and public discourse. But innovation and disruptive technologies have been a recurring feature of progress and development for centuries.
This is no easy task: like acrobats walking a tightrope, the authorities must strike the right balance between potentially diverging forces such as innovation, complexity and the safety of the system. Page 2  This entails enhancing and complementing the traditional regulatory and supervisory approaches with the adoption of an effective toolkit tailored to address cyber risks. 1  From 2 billion in 2006.