ECB cyber test sparks major shift in bank defences

ECB cyber test sparks major shift in bank defences

The European Central Bank (ECB) launched its qualitative cyber resilience stress test (CyRST) last month, assessing how 109 major euro area banks would withstand a severe cyberattack and marking a turning point for the sector’s digital defences. The exercise focused on the “supervisory scrutiny channel”, examining banks’ ability to maintain operations and recover systems rather than imposing direct capital requirements. The results showed that t…