On Thursday 12 April, the joint committee of the three European Supervisory Authorities (ESMA, EBA and EIOPA) warned against the cyber-risks to the financial markets and the banking and insurance sectors, in its report on risks and vulnerabilities for the second half of 2017.
“Insufficient protection against cyber incidents and disruption in the availability of critical IT infrastructures could lead to major damages for financial institutions concerned, and potentially to the wider...