U.S. banking regulators focused on cyber security after SWIFT attacks

From: Reuters

Reporting by Lisa Lambert; Editing by Phil Berlowitz and Tom Brown

U.S. banking regulators said on Wednesday they are focused on cyber security risks and controls for U.S. financial institutions after attacks earlier this year involving the global financial network known as SWIFT.

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“As part of ongoing supervision activities, the OCC’s onsite examination teams regularly address emerging issues, such as the recent reports of cyber-attacks involving SWIFT,” said the letter from banking regulators including the Federal Reserve Board and Federal Deposit Insurance Corporation.

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