Cyber risk tops EBA poll of operational risks

European banks say cyber risk and data security are their greatest operational challenges, with 90% of respondents to a European Banking Authority (EBA) survey saying so.

This is up from 50% of respondents to the same survey in spring 2019, but the same proportion as in autumn 2018.

In contrast, just over 40% of banking analysts polled said cyber risk was a key driver of increased operational risk. Seventy percent of respondents said money laundering and terrorist financing and legal and

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