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Fintech

Investors grapple with cyber risk

Fund managers understand that cybersecurity is one of the biggest threats to banks. They don’t yet have the tools to properly assess it. But if the data drought were to end, cyber-strategies could become an integral part of their investment decisions


The chief executive of one of Europe’s biggest retail banks, one that has invested heavily in its digital platforms, is outlining what he perceives as the biggest risks to his business. He’s mentioned political risk and conduct risk. Then he pauses, takes a deep breath and tells Euromoney: “But the biggest risk of all is probably a cyberattack.”

So, we suggest, this must now be a regular source of discussion in your regular meetings with investors. “No,” he fires back immediately. “I can’t recall a single institution who has ever asked me about our cybersecurity policies.”


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