For G-Sibs managing cyber outages, confidence makes the difference

IT disruption drops among top G-Sib concerns this year, as banks revamp models and retool risk indicators

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The threat of cyber-led IT disruption dropped from top spot among global systemically important banks (G-Sibs) in this year’s Top 10 Op Risks survey – perhaps as a consequence of a co-ordinated action from law enforcement to tackle the perpetrators of high-profile ransomware attacks.

It may also be down to big banks’ growing confidence in their ability to measure, monitor and mitigate outages when they inevitably