Banks' Concerns About Cyberthreats Grow

[InfoSec News <alerts () infosecnews org>]

http://www.bankinfosecurity.com/banks-concerns-about-cyberthreats-grow-a-7486

By Tracy Kitten
Bank Info Security
October 28, 2014

Banking leaders say they're substantially more concerned today than they 
were just six months ago about cyber-attacks and geopolitical threats 
aimed at the global financial system.

That's according to a report covering results of a survey conducted during 
the third quarter and published last week by the Depository Trust & 
Clearing Corp. The DTCC provides clearing and settlement services for 
banking institutions. Participants in the survey included financial 
stakeholders from throughout the world.

Since March, when the DTCC last conducted its Systemic Risk Barometer 
survey, more global banking leaders say they see ongoing cyber-risks as 
posing increasing concern. They rate cyberthreats as the No. 1 systemic 
risk facing the global economy today.

Banking institutions and other financial services firms surveyed by the 
DTCC say that in the past 12 months, they have increased their investments 
in systems and technologies designed to monitor and mitigate systemic 
risks, such as cyber-attacks and economic recessions that could collapse 
the global financial system.

[...]



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