Financial services are a cornerstone of the European economy, driving growth, enabling trade and investment, and delivering essential services to consumers, businesses, and governments. To ensure the industry’s long-term viability and competitiveness, strengthening cyber resilience is essential.
Cyber resilience is closely tied to national economic security. The financial ecosystem is highly interconnected, spanning banks, payment processors, fintechs, and other service providers. A cyber incident in one organization can quickly ripple across the network, triggering systemic risks. This interconnectedness highlights the critical role of cyber resilience in preserving the stability and trustworthiness of the financial system.
This report from IDC explores how and why financial organizations across Europe are investing in cybersecurity to strengthen operational resilience.