Top 10 op risks 2020: IT disruption

Risk of downed systems, from hack or outage, continues to make op risk managers fret

When bank customers are suddenly unable to access their money because of a paralysing cyber attack or a critical IT systems failure, the consequences for bank profitability and reputation are clear.

Respondents to this year’s Risk.net survey of top op risks report a two-pronged risk to systems and IT operations. First, the threat from hostile hacking groups and even nation states laying siege to a bank’s defences: breach attempts only have to be successful once to sow widespread chaos. Second

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here