Tags Federal Reserve

Financial system not keeping up with cyberthreats, new report says

by Tim Starks • 2 months ago

Government and industry must coordinate better to protect the system, according to a report from the Carnegie Endowment for International Peace.

Synthetic identity theft is the fastest-growing financial crime in the U.S.

by Jeff Stone • 2 years ago

Indictments unsealed in June hint at the scope of the problem.

As ransomware hobbled Atlanta, banks drilled for next iteration of attacks

by Sean Lyngaas • 3 years ago

The exercise, which assembled 18 financial institutions and the industry’s threat-sharing center, simulated a “WannaCry-like” ransomware attack.

Accountants join pushback on feds' cyber rules for banks

by Shaun Waterman • 4 years ago

Three professional associations for bean-counters argue that any regulation should only set high-level principles or flexible frameworks — not specific or prescriptive rules which might be duplicative and could become quickly outdated as hacker threats evolve.

G-7 out with cyber guidance for banks

by Shaun Waterman • 4 years ago

The guidance is the first real effort to establish transnational standards for cybersecurity in perhaps the most high-stakes sector of all — financial services.