I am referring to the evolution of cybercrime. 2  BIS central bankers’ speeches  While we cannot predict how banking will look in ten or twenty years’ time, we can be almost certain that risks of fraud, theft and manipulation in banks through cyberspace will continue to rise.
The reason is straightforward: digital channels can be used to steal a lot of assets with comparatively little effort today. Nowadays, a large proportion of banks’ assets and value-generating capability is stored on hard drives and servers. The technical infrastructure facilitates the managing of bank accounts and grants access to money. But it also provides access to vast sources of data.