Key facts
- 40% of banks exceeded their information security risk appetite in the last 12 months.
- 55% of banks breached thresholds for at least one of the top five operational risks surveyed.
- The findings are part of Risk.net’s latest Op Risk Benchmarking study.
A recent study indicates a significant increase in banks exceeding their risk tolerance for operational threats. According to Risk.net’s latest Op Risk Benchmarking study, four in 10 banks breached their appetite for information security risk over the past 12 months. Furthermore, 55% of surveyed institutions breached formal thresholds for at least one of the top five operational risks identified in the study. This heightened environment suggests that banks are struggling to manage cyber, resilience, and third-party risks within their established limits.