Financial Industry Developments - Agencies Issue Advanced Notice of Proposed Rulemaking on Enhanced Cyber Risk Management Standards - On October 19, 2016, the Federal Reserve Board, the Federal Deposit Insurance...more
More details have emerged from the February cyberheist that resulted in the theft of more than $81 million from Bangladesh’s account at the NY Fed, including a pretty significant lack of critical concern from the bank itself....more
Moody’s Investors Service (Moody’s) recently announced that is has issued a report entitled, “Cross-Sector-Global: cyber Risk of Growing Importance to Credit Analysis,” which outlines the threat of cyber-attacks and how they...more