More than half of European banks are bracing for more operational risk in the next year. The thing that spooks them most? Cyber attack and data theft.
Over 60% of respondents to the European Banking Authority’s (EBA) semi-annual risk questionnaire said they see higher operational risk over the next six to 12 months, up from 55% in December 2017 and 43% in June 2017.
Of those predicting greater op risk, 55% gave higher cyber risk and threats to data security as their main reason, up from 42%