EU Banks Concerned About Cyber-Risk, Watchdog Warns

By Najiyya Budaly (January 11, 2022, 3:45 PM GMT) -- More than half of European banks expect cyberattacks and weakness in data security to increase their operational risks, according to research published by the bloc's banking watchdog.

The European Banking Authority reported on Monday that 55% of the 59 lenders in the bloc that it surveyed — 33 banks — in the third quarter of 2021 said they expected operational risk to increase in the sector. Some 90% of these banks said that cyber-risks were the main reason that they expected the risks to their operations to increase.

"Cyber- and information and communication technology-related risks remain elevated, and operational risk losses...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!