Ron Burgundy Posted May 23, 2016 Share Posted May 23, 2016 Recent hacks of international banks through the SWIFT messaging system raise serious questions about cyber-related risks to U.S. firms, Representative Carolyn Maloney wrote on Monday in a letter to the country's top banking regulators that asked about measures to strengthen systems' security. Maloney, a Democrat who represents part of Manhattan - home to many people employed in finance and banking - wrote to Federal Reserve Chair Janet Yellen, U.S. Comptroller Thomas Curry and Federal Deposit Insurance Corporation Chairman Martin Gruenberg that she remains "deeply concerned about U.S. banks' exposure to these new, sophisticated cyber attacks." The SWIFT network that allows banks to process billions of dollars in transfers each day is considered the backbone of international banking. View the full article Quote Link to comment Share on other sites More sharing options...
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