Top 10 op risks 2019: data compromise

Big data provides big target for hackers, as banks wrestle with risk of monetary and reputation loss

The threat of data loss through cyber attack, combined with an awareness among managers that defences are vulnerable, has made data compromise a perennial concern for op risk managers. But the advent of strict new regulation has intensified those fears, helping propel the category to the top of our annual survey for the first time.

Risk managers are discovering that big data – or the aggregation and cross-referencing of multiple sources of information – can play an important part in fraud

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