The integration with and reliance on real-time electronic payment systems significantly contribute to a financial institution's vulnerability to systemic risks arising from cyber and ICT incidents. These systems are critical for the daily operations of financial institutions, enabling instant processing of transactions and transfers. A cyber or ICT incident affecting these systems can not only disrupt the institution's ability to conduct transactions but also impact other institutions and clients reliant on these services. Due to the real-time and interconnected nature of these systems, any disruption can have immediate and widespread consequences, potentially leading to systemic financial risks.