Digital Risk Landscape Report on Financial Institutions

This report analyzes the digital risk landscape faced by top financial institutions, focusing on third-party risks and vulnerabilities. It aims to assess the extent of cyber risk exposure among banks by examining their internet-facing digital assets, including domains and IP addresses. The research methodology involved scanning these assets to identify vulnerabilities and assess their severity. Key findings indicate that nearly 1% of all digital assets contain vulnerabilities, with some banks reporting over 7% of their assets affected. The report highlights that 75% of identified vulnerabilities are linked to third-party platforms, underscoring the importance of understanding these risks. Furthermore, it discusses the interconnected nature of global banks and the shared vulnerabilities that arise from reliance on third-party services. The document concludes with recommendations for banks to minimize their exposure to digital risks and improve their cybersecurity measures.