SecurityScorecard Research Reveals 78% of Europe’s Largest Financial Institutions Experienced a Third-party Breach in the Past Year
Summary
Financial service organizations face uphill battle to comply with Digital Operational Resilience Act (DORA) required by January 2025 • SecurityScorecard examined 240 of the largest financial institutions in the European Union to assess cyber risk • 84% of European Union’s financial institutions have been exposed to a fourth-party breach • 82% of retail banks experienced a third-party breach in the last year, and 8% suffered from a breach in their own domain LONDON–(BUSINESS WIRE)–SecurityScorecard today announced the release of a new report on the Digital Operational Resilience Act (DORA). The report analyzes 240 of the largest financial institutions in the European Union that must comply with the Digital Operational Resilience Act (DORA) by January 2025.
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