Cyber risk tops EBA poll of operational risks

Bank analysts say money laundering, conduct and legal risk are pressing challenges, too

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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