CYBER THREAT LANDSCAPE REPORT OF THE HUNGARIAN FINANCIAL SECTOR 2022

Cyber Threat Landscape Report of the Hungarian Financial Sector 2022 (December 2022)

The publication was approved by: Financial Stability Board

Published by the Magyar Nemzeti Bank

Publisher in charge: Eszter Hergár

Editor: Gabriella Biró www.mnb.hu

H-1013 Budapest, Krisztina körút 55.

ISSN 2939-7758 (on-line)

Act CXXXIX of 2013 on the Central Bank of Hungary sets the achievement and preservation of price stability as the primary and continuous objective of the Central Bank of Hungary. Without endangering this objective, the Central Bank of Hungary supports the preservation of the stability of the financial intermediary system, the increase of its resilience, the assurance of its sustainable contribution to economic growth and the economic policy of the Government with the instruments at the disposal of the Central Bank.

The supervisory strategy of the Central Bank of Hungary, thereby reinforcing the objective set out in Act CXXXIX of 2013 on the Central Bank of Hungary, has identified the support and deepening of the stability of the financial system as its main objective until 2025. Thanks to digitalisation, the importance of and dependency on ICT solutions and digital services in the financial sector are continuously increasing, therefore achieving the resilience of the financial system requires particular attention to the digitalisation processes, their security, and their threats.

In this publication, the Central Bank of Hungary presents the cybersecurity threat landscape of the financial sector in Hungary for the period February-August 2022. The aim of the report is to provide an adequate and comprehensive picture of current threats and to identify the main trends, thereby supporting the participants of the financial sector to identify and prepare for the threats that are relevant to them. With this publication, the CBH contributes to developing and ensuring the cybersecurity resilience of the financial sector and supervised institutions, and the general improvement of cybersecurity awareness and preparedness.

The “Cyber Threat Landscape Report of the Hungarian Financial Sector 2022” was prepared under the project “Developing a methodology for the analysis of cyber threats in the financial sector and the preparation of a threat landscape”, supported by the European Commission’s (Commission) Directorate-General for Structural Reform Support (DG REFORM). The analysis was prepared by the Information Technology Supervision Department of the CBH.

In the report, the CBH’s experts mainly used information for the period from 1 February to 31 July 2022, with particular attention to the analysis of emerging cyber threats within the financial sector and incident data received during the pilot project within the project on the preparation of the cyber threat landscape report.