Financial firms need better IT security

Stefan Mileschin · 16th July 2021, 08:24

Financial Stability Board warns

Financial firms may need to bolster their defences in the face of rocketing cyberattacks after employees began working from home, according to the Financial Stability Board (FSB).

For those who don’t know, the FSB coordinates financial rules for the G20 group of nations so what it has to say is pretty important.

It said that remote working since economies went into lockdown to fight Covid-19 opened up new possibilities for cyberattacks. Working from home is expected to stay in some form across the financial services industry and beyond.

"Most cyber frameworks did not envisage a scenario of near-universal remote working and the exploitation of such a situation by cyber threat actors", the FSB said in a report to G20 ministers and central banks.

https://fudzilla.com/news/53222-fina...er-it-security

16th July 2021, 08:24	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,575	Financial firms need better IT security Financial Stability Board warns Financial firms may need to bolster their defences in the face of rocketing cyberattacks after employees began working from home, according to the Financial Stability Board (FSB). For those who don’t know, the FSB coordinates financial rules for the G20 group of nations so what it has to say is pretty important. It said that remote working since economies went into lockdown to fight Covid-19 opened up new possibilities for cyberattacks. Working from home is expected to stay in some form across the financial services industry and beyond. "Most cyber frameworks did not envisage a scenario of near-universal remote working and the exploitation of such a situation by cyber threat actors", the FSB said in a report to G20 ministers and central banks. https://fudzilla.com/news/53222-fina...er-it-security

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