The resolve of the US administration, which it recently reaffirmed, to reduce the budget deficit substantially is crucial. But in a long-term perspective, a more balanced relationship between the major currencies cannot come about without a return to faster growth in Europe and Japan.
Strategy (in terms of long term objectives), Surveillance (as there is no substitute for eternal vigilance), Sharing (of experience without which individual cyber breaches will snowball into systemwide epidemic), Sensitisation (of cyber risks as a serious issue from the top to the bottom of the organization), Simulation (by way of scenario building for possible situations of  BIS central bankers’ speeches  5  vulnerabilities), Safeguarding (of customers’ interest and organization’s reputation) and Skill (technical, legal and operational skill upgradation and orientation of the staff) should form the bedrock of a robust IT security system.