Europe’s Financial Titans Fall to Supplier Cyber Breaches: A Comedy of Errors
Europe’s financial giants are tumbling like dominos to third-party breaches—100% of them, to be exact! According to SecurityScorecard, only 26% of these companies scored an ‘A’ in cybersecurity resilience. France leads the pack in vendor breaches, proving once again that the Eiffel Tower isn’t the only thing with gaps.
Hot Take:
Looks like Europe’s financial titans are getting schooled in the art of cyber-defense, and spoiler alert: they’re flunking hard. With a 100% supplier breach rate, it seems these financial giants should’ve paid more attention in cybersecurity class. Maybe next time they’ll learn that all that glitters in a third-party deal isn’t gold, but rather a potential data leak dressed in a business suit!
Key Points:
- 100% of Europe’s top financial services experienced supplier-related breaches last year.
- Only 26% of companies scored an ‘A’ in cybersecurity resilience.
- Scandinavian companies are leading the way in security, with France trailing behind.
- With DORA on the horizon, cybersecurity in financial services is more crucial than ever.
- SecurityScorecard highlights third-party risk management as a top priority.
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