Bank hacks raise fears for financial sector - News Summed Up

Bank hacks raise fears for financial sector


Cyber security specialists say these attacks are likely just the tip of the iceberg, and expect more revelations. The American Bankers Association in July joined with other financial and security organizations to warn of possible risks. WASHINGTON - 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. "There are a lot of smaller banks that don't have expertise and guidance to protect their interconnections." Researchers at the security firm Symantec concluded that malware used in the bank hacks shared code with that used in the massive 2014 cyber attack against Sony Pictures.


Source: Bangkok Post July 24, 2016 01:18 UTC



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