From: InformationWeek/Banking Systems and Technology
Jonathan Camhi
With Washington deadlocked by partisanship, it’s falling to states to inspect banks’ cyber security practices, and that could mean trouble for some small institutions.
Government regulators’ interest in banks’ IT security practices has spiked recently in the wake of increasingly sophisticated cyber attacks, like the data breaches that stole credit card data from millions of consumers last December. In the last couple of months, the SEC released new cyber security guidelines for brokerages and investment firms, and New York became the first state to audit the cyber security defenses of financial institutions.
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