The ECB conducted its first cyber risk stress test on Eurozone banks, identifying areas for cybersecurity improvement.
The European Central Bank (ECB) conducted its first cyber risk stress test on Euro zone banks, finding room for improvement in their cybersecurity measures. The test revealed that banks need to enhance backup measures and assess external providers, particularly in ensuring business continuity after a cyber-attack. The ECB will monitor banks' progress and may conduct further tests by the end of the year.
July 26, 2024
3 Articles