By Peter Clarke MacAfee has released a 2018 Threats Predictions Report. While the European Banking Authority has released its risk assessment report. In that report the EBA found:
cyber risk and data security were identified as the “main drivers for increasing operational risk”
55% of banks “foresee an increase in operational risk in their bank”. This is an increase from 43% last year and 35% in 2015.
most EU banks are still taking steps to address the weaknesses stemming from the technology-driven evolution to their industry.
because of the reliance on IT platforms, digitalised product channels for banking services, outsourcing to third-party providers …read more
Source:: Peter A Clarke