‘We still don’t do the basics well’ – Chris Gale on cyber security

Chris Gale
Former Boston vice-president Chris Gale speaks to Central Banking

Chris Gale, a former vice-president of the Federal Reserve Bank of Boston, has said central banks still have a long way to go in improving their IT defences against cyber attacks.

“IT is hard enough without the cyber threat landscape we are in… It is putting an overwhelming stress on central bank’s resources,” says Gale. “There are many things on the technology side which we don’t do well… We still don’t do the basics well.”

Speaking on the sidelines of Central Banking’s Cambridge seminar

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