EU authorities warn of rising cross-border ICT risks in finance

European Supervisory Authorities recently published their first annual overview of major ICT-related incidents in the European Union financial sector, revealing a rising pattern of cross-border disruptions and warning that increasingly advanced artificial intelligence tools may heighten cybersecurity risks across the industry.

The report was issued jointly by the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and...