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Boston Fed official: the financial industry is not bulletproof from threats

Discussion in 'CSO' started by RSS, Apr 6, 2016.

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    RSS New Member Member

    Most security experts would agree with Kenneth Montgomery, first vice president and COO of the Federal Reserve Bank of Boston, that the financial industry is, “the most regulated and the most prepared” of any to deal with constantly increasing and evolving cyber attacks.

    But Montgomery, speaking at the Boston Fed’s 2016 Cybersecurity Conference on Monday, agreed that the scale and sophistication of the attacks means that no industry is bulletproof. As evidence, he cited the Symantec 2014 threat report that 1 million new pieces of malware were being created daily.

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