https://m2.mtmt.hu/ hun 2026-07-28 14:57 JournalArticle 36372472 ADMIN_APPROVED true 0 false 2025-12-04T09:26:45.009+0000 2025-12-04T09:23:45.680+0000 2025-10-09T13:07:02.759+0000 true 10096397 Biró Gabriella /api/author/10096397 Author true 2025-12-04T09:23:40.252+0000 2025-12-04T09:23:40.252+0000 2025-12-04T09:23:45.684+0000 true 10058509 Margit István /api/admin/10058509 Admin true 10058509 true false true 24 24 /api/publicationtype/24 PublicationType 1 true 24 JournalArticle true 10000059 Article true 24 24 /api/publicationtype/24 PublicationType 1 true 24 JournalArticle /api/subtype/10000059 Szakcikk SubType 101 true 10000059 true 1 /api/category/1 Category true 1 Biró, Gabriella Cyber Security and Financial Stability: Relationships, Risks and Regulatory Approach true false /api/journal/10051173 REVIEWED true true 10051173 false 10051173 false 2415-9379 2677-1322 Journal FOREIGN 12 3 279 300 279 22 2025 As digital technologies press ahead, the operation of financial systems increasingly relies on ICT systems and networks, so managing cyber security issues to maintain financial stability has become key not only for individual institutions but also at systemic level. The objective of this paper is to identify the relevant concepts, to describe the processes how systemic cyber security risks escalate and to assess international and local regulatory and institutional efforts targeting risk reduction. In the first part, the concepts of cybersecurity, cyber resilience and cyber risks are clarified with particular attention to the definitions used in the financial sector. The study focuses on the analysis of three models (framework systems offered by the IMF, the ESRB and the National Bank of Hungary (MNB) describing the escalation of how cyber security incidents affect the financial system as well as the nature of transmission channels. The author compares the logical structures, differences and applicability of the models, and makes an assessment of how the individual models can help identify and reduce systemic risks. The issues of financial stability relevant to Hungary are also presented. In the last part of the paper, the risk reduction measures to be applied in the course of managing systemic cyber risks are reviewed. Applying a three-tier approach of preventive, detective and corrective control measures, the risk reduction options available for regulators, information sharing and testing are analysed. To sum up, we emphasise the cyber resilience of the financial system can only be achieved by a multi-disciplinary approach assuming the coordinated efforts of cybersecurity and financial stability experts. true NATIONAL 2025 false true true false true false GOLD 2025-12-04 true https://doi.org/10.33908/EF.2025.3.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 false 10096397 false false false 2025-12-03T09:23:45.567+0000 Katonai Műszaki Doktori Iskola (NKE / HHK) 1 6 1 1 0 false Language 10002 /api/language/10002 Angol English true 2 true PersonAuthorship 128057742 /api/authorship/128057742 1 1.0 true false Author 10096397 /api/author/10096397 Biró Gabriella true true Biró Gabriella true false false AuthorshipType 1 /api/authorshiptype/1 0 true 0 true false true PublicationIdentifier 29975918 /api/publicationidentifier/29975918 PlainSource 6 /api/publicationsource/6 PublicationSourceType 10001 /api/publicationsourcetype/10001 true true true DOI DOI https://doi.org/@@@ true true 6 true GOLD true IDENTICAL 10.33908/EF.2025.3.1 https://doi.org/10.33908/EF.2025.3.1 false true PublicationIdentifier 29975443 /api/publicationidentifier/29975443 PlainSource 39 /api/publicationsource/39 PublicationSourceType 10006 /api/publicationsourcetype/10006 true true true Teljes dokumentum Full text @@@ true true 39 true IDENTICAL https://bankszovetseg.hu/Public/gep/2025/2025_3_angol/279-300%20E%20BiroG%20Kiberbizt_es_pu_stabilitas.pdf https://bankszovetseg.hu/Public/gep/2025/2025_3_angol/279-300%20E%20BiroG%20Kiberbizt_es_pu_stabilitas.pdf false true Classification 10070 /api/classification/10070 true true Classification 13140 /api/classification/13140 true true Classification 12776 /api/classification/12776 true true Keyword 14074 /api/keyword/14074 true 14074 true Keyword 1438965 /api/keyword/1438965 true 1438965 true Keyword 1544013 /api/keyword/1544013 true true Keyword 1588812 /api/keyword/1588812 true true Keyword 2388850 /api/keyword/2388850 true true /api/publication/36372472 <div class="JournalArticle Publication long-list"> <div class="authors"> <img title="Forrásközlemény" style="float: left" src="/frontend/resources/grid/publication-core-icon.png"> <div class="autype autype0"> <span class="author-name" mtid="10096397"><a href="/gui2/?type=authors&mode=browse&sel=10096397" target="_blank">Biró Gabriella (<span class="authorship-author-name">Biró Gabriella</span> <span class="authorAux-mtmt"> kiberbiztonság</span>) </a> </span> <span class="author-affil"><span title="Nemzeti Közszolgálati Egyetem">NKE</span>/<span title="Hadtudományi és Honvédtisztképző Kar">HHK</span>/Katonai Műszaki Doktori Iskola</span> </div> </div> <div class="title"><a href="/gui2/?mode=browse&params=publication;36372472" target="_blank">Cyber Security and Financial Stability: Relationships, Risks and Regulatory Approach</a></div> <div> <span class="journal-title">ECONOMY AND FINANCE: ENGLISH-LANGUAGE EDITION OF GAZDASÁG ÉS PÉNZÜGY</span> <span class="journal-issn">(<a target="_blank" href="https://portal.issn.org/resource/ISSN/2415-9379">2415-9379</a> <a target="_blank" href="https://portal.issn.org/resource/ISSN/2677-1322">2677-1322</a>)</span>: <span class="journal-volume">12</span> <span class="journal-issue">3</span> <span class="page"> pp 279-300 </span> <span class="year">(2025)</span> </div> <div class="pub-footer"> <span class="language" xmlns="http://www.w3.org/1999/html">Nyelv: Angol | </span> <span class="identifiers"> <span class="id identifier oa_GOLD" title=" Gold "> <a style="color:blue" title="10.33908/EF.2025.3.1" target="_blank" href="https://doi.org/10.33908/EF.2025.3.1"> DOI </a> </span> <span class="id identifier oa_none" title="none"> <a style="color:blue" title="https://bankszovetseg.hu/Public/gep/2025/2025_3_angol/279-300%20E%20BiroG%20Kiberbizt_es_pu_stabilitas.pdf" target="_blank" href="https://bankszovetseg.hu/Public/gep/2025/2025_3_angol/279-300%20E%20BiroG%20Kiberbizt_es_pu_stabilitas.pdf"> Teljes dokumentum </a> </span> </span> <div class="mtid"><span class="long-pub-mtid">Közlemény: 36372472</span> | <span class="status-data status-ADMIN_APPROVED"> Admin láttamozott </span> Forrás | <span class="type-subtype">Folyóiratcikk ( Szakcikk ) </span> | <span class="pub-category">Tudományos</span> | <span class="publication-sourceOfData"></span> </div> <div class="lastModified">Utolsó módosítás: 2025.12.04. 10:23 Margit István (NKE 4-es admin) </div> </div></div>