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EU’s financial institutions face cyber resilience crisis

01
Aug
2023
EU’s financial institutions face cyber resilience crisis

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78% of Europe’s largest financial institutions experienced a third-party breach in the past year, according to SecurityScorecard.

In the wake of attacks such as MOVEit and SolarWinds, cybersecurity regulations are increasing the need for comprehensive approaches to manage vendor risk and ensure compliance.

84% of financial institutions have been exposed to a fourth-party breach – illustrating how a vast web of unseen risks are hiding in plain sight. Visibility across the entire third-and fourth-party ecosystem is mission-critical, yet organizations lack consensus on how to measure and track fourth-party risk.

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