ECB's cyber security test shows 'room for improvement' for banks


FILE PHOTO: Figurines with computers and smartphones are seen in front of the words "Cyber Attack" in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

FRANKFURT (Reuters) - Euro zone banks have "room for improvement" in their cyber security, starting with how they would keep their business running after a hack, the European Central Bank said on Friday.

The ECB's first ever cyber risk stress test was launched in response to a surge in attacks, some with possible geopolitical motives, and its results came a week after a global tech outage that disrupted sectors including finance.

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