Bank Hacks Raise Fears for Financial Sector | Homeland Security Degrees
Bank Hacks Raise Fears for Financial Sector | Homeland Security Degrees
https://homelandsecurityedus.wordpress.com/2016/07/25/bank-hacks-raise-fears-for-financial-sector/
A series of spectacular cyber attacks against banks, resulting in the theft of tens of millions of dollars, has heightened fears for an industry becoming an increasingly attractive target for hackers.
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GO READ ARTICLE: http://www.govinfosecurity.com/financial-sector-terrorism-threat-grows-a-7586
Senior U.S. and U.K. law enforcement officials are warning that there’s an increasing risk that financial markets and banking institutions will be targeted by cyberterrorists.
Beginning in early 2015, the New York District Attorney’s Office and the City of London police, who respectively have oversight over the financial markets in New York City and London, say they will begin embedding permanent members of staff in each other’s organization to facilitate better cross-border collaboration.
The move to increase cross-border coordination comes as attacks against financial sector institutions have continued to escalate, as well as in the wake of increasing fears over the likelihood that terrorists groups might attempt to trigger widespread outages or chaos.
“There could be a very serious impact to the financial institutions of the world through a cyber-attack, and I think it’s a very strong likelihood that it will happen one day in the future, which is why we’ve got to push back and take action now before it happens.
Credible Threat?
Of course, law enforcement agencies and policymakers have been warning for years that extremist groups might target so-called critical infrastructure, referring to everything from power grids and water supplies to the health system and banking industry. The vast majority of that infrastructure is privately owned.
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