Briefing on Cybersecurity, UNSGSA Fintech Sub-Group on Cybersecurity

Technology-enabled innovation in financial services presents many opportunities for digital financial inclusion, but raises concerns about cybersecurity. The most serious cybersecurity risks—such as data breaches, credential theft, and credential reuse/abuse—can cause tangible harms. Although innovation and security don’t always go hand-in-hand, fintech offers opportunities to address cyber risks and build cyber resilience, while also enhancing inclusion.