The European Central Bank announced on Aug. 15 that unauthorized parties had breached the security measures protecting its Banks’ Integrated Reporting Dictionary (BIRD) website, which is hosted by an external provider.

The BIRD website provides the banking industry with details on how to produce statistical and supervisory reports and is physically separate from any other external and internal European Central Bank systems, the ECB stated.

Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...