Question: 11. TBD Are there additional ways to manage potential risks associated with CBDC that were not raised in this paper?

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Are there additional ways to manage potential risks associated with CBDC that were not raised in this paper?

Answer

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By all descriptions, the U.S. CBDC is primarily a large System-of-Systems (SoS) or even an SoS of SoSs. Some of these would ideally already exist and some will need to be created. The new systems are predominately a Software (SW) effort. Yes, there will be some specialized Hardware(HW) required, but the primary focus appears to be Software (including Commercial-Off-The-Shelf (COTS), Government Off-The-Shelf (GOTS), or Modified Off-The-Shelf (MOTS). This software will ultimately need to be Managed and Modified.

1. Risk of a Software Crisis

2. Risk of Lack of Stakeholder Buy-In

3. Risk Due to Poor Community of Interest (CoI) Governance

4. Risk Due to lack of Broad, Wide-Ranging Security Planning

5. Risk of Data being hacked due to weak Security Infrastructure

6. Risk of Meta-Data being hacked due to weak Security Infrastructure

7. Risk of Business Processes Being Hacked

8. Risk of competing Currency Models for the CBDC

1. Risk of a Software Crisis

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2. Risk of Lack of Stakeholder Buy-In

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3. Risk due to Poor Community of Interest (CoI) Governance

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4. Risk due to lack of Broad, Wide Ranging Security Planning

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5. Risk of Data being hacked due weak Security Infrasture

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6. Risk of Meta-Data being hacked due weak Security Infrasture

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7. Risk of Business Processes Being Hacked

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