WEDNESDAY, 11/05/2022 - Scope SE & Co. KGaA

The Wide Angle – why cyber risk is more than ever a top threat for European banks

European banks and regulators have highlighted time and again that they consider cyber risk to be a key threat to banks’ activities, yet this remains one of the least assessed and considered risk factors.

There are four key reasons why cyber risk has grown into a massive threat for banks: digital transformation accelerated and broadened exponentially due to Covid-19; a structural shift in work habits; the growing crypto world; and geopolitical disruptions, primarily global cyber threats stemming from Russia’s war on Ukraine.

Read Sam Theodore’s report here.

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