It is, of course, no wonder that cyber threats are on the rise. Looking at the broader financial sector, we have seen that, over the years, financial institutions have been morphing more and more into IT companies with a financial licence. More and more of what financial institutions do, takes place digitally.
As a consequence, the IT infrastructure has become more and more essential to the functioning of financial institutions as a whole. 3/5  BIS - Central bankers' speeches  Looking at the payments industry, you are the prime example of this broader evolution. And your digital infrastructure forms the very core of your operations.