Tags Federal Reserve
Financial system not keeping up with cyberthreats, new report says
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.
Indictments unsealed in June hint at the scope of the problem.
As ransomware hobbled Atlanta, banks drilled for next iteration of attacks
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
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or flexible frameworks — not specific or prescriptive rules which might be duplicative and could become quickly outdated as hacker threats evolve.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
The guidance is the first real effort to establish transnational standards for cybersecurity in perhaps the most high-stakes sector of all — financial services.
