1/7  BIS central bankers' speeches  But how does the Bundesbank interpret the term “cybersecurity"? At the Bundesbank, we refer to cybersecurity when our focus is on protection against cybercrime and the associated risks. We define cybercrime in the following ways. There is a deliberately targeted and IT-based attack on data and IT systems which can viably impair confidentiality, integrity, or availability.
The other important and volatile assumption in the model is the exchange rate. Again, we have to try and look through short term volatility and focus on longer term trends.