The FSB, which coordinates financial rules for the G20 group of nations, said remote working since economies went into lockdown to fight COVID-19 opened up new possibilities for cyber attacks. Working from home (WFH) is expected to stay in some form across the financial services industry and beyond. "Most cyber frameworks did not envisage a scenario of near-universal remote working and the exploitation of such a situation by cyber threat actors," the FSB said in a report to G20 ministers and central banks. The report is a first take on lessons learned from the pandemic's impact on financial stability. COVID-19 was the first major test of tougher financial rules put in place after the 2008 global financial crisis and most parts of the system coped well, the FSB said.

Source: bd News24 July 13, 2021 07:52 UTC