Cyber Security

SEC warns cybersecurity is biggest threat to financial system

“The chair of the US Securities and Exchange Commission (SEC), Mary Jo White, has warned that the biggest risk the financial system faces is cybersecurity.

Speaking at the Financial Regulation Summit in Washington DC, White warned the industry that their policies and procedures were not up to scratch and without them they faced the same fate as the Bangladeshi bank that recently lost $81m through a cyber attack.”

Source: SEC warns cybersecurity is biggest threat to financial system • The Register

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