Ron Burgundy Posted June 7, 2016 Share Posted June 7, 2016 By Jim Finkle and Jonathan Spicer BOSTON/NEW YORK (Reuters) - U.S. regulators on Tuesday told banks to review cyber-security protections against fraudulent money transfers in the wake of revelations that a hacking group used such messages to steal $81 million from the Bangladesh central bank. The notice from the Fed and other financial regulators came two weeks after the U.S. Federal Bureau of Investigation privately urged banks to look for signs of possible cyber attacks. The warnings suggest that U.S. government and law enforcement agencies are concerned that recent attacks on banks in emerging-market economies could lead to losses for big U.S. firms that rely on the so-called SWIFT fund-transfer network, which serves as the backbone of international finance. View the full article Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.