Top 10 operational risks: Focus on cyber risk
All firms fear data breach; smaller banks also concerned over IT disruption
The Risk.net top 10 operational risks survey divides cyber risk into two subcategories: information security and IT disruption. Not every institution necessarily makes such a firm distinction, but it is an increasing trend.
The head of enterprise risk at a financial market infrastructure (FMI) says that distinction has “evolved” at their firm, partly driven by the growing body of regulation around operational resilience in the face of IT disruption, which is already well developed in the UK and
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