Regulators told to play greater role in cyber security

Cyber security

US federal regulators should play a greater role in combating cyber attacks on financial institutions as they lack the resources to tackle these threats on their own, a panel of information security experts told officials at the Commodity Futures Trading Commission (CFTC) on April 25.

Cyber attacks on banks and central counterparties (CCPs) have increased in recent years to the point where even the largest financial institutions may be unable to cope with the sheer number of threats.


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Combatting the ever-changing cyber threats in banking

Seemanta Patnaik, co-founder and chief technology officer at SecurEyes, discusses the continually evolving challenges and threats, and possible solutions to remain resilient to cyber attacks in today’s central banking environment.

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