UK Financial Institutions Unaware of Third-Party Risks Posed by Open Banking

Bomgar, a leader in identity and access management solutions for privileged users, has launched its 2018 Privileged Access Threat Report. The global survey explores the visibility, control, and management that IT organisations in the U.S. and Europe have over employees, contractors, and third-party vendors with privileged access to their IT networks. According to the report, formerly called the Secure Access Threat Report, 72% of UK financial service firms felt unsure whether they had possibly or definitely suffered a breach due to third-party access, and 69% also said they had possibly or definitely suffered an insider related breach in the last year.

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