Financial firms need better IT security

Stefan Mileschin · 16th July 2021, 07:24

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, 07:24	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,812	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

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
UK firms plan to use 5G drones	Stefan Mileschin	WebNews	0	9th November 2020 12:26
Facebook pushed for access to financial firms' user data	Stefan Mileschin	WebNews	0	19th September 2018 09:52
Firms investing fortunes in AI	Stefan Mileschin	WebNews	0	28th March 2018 11:38
FCC aims to block purchases from non-US firms posing ‘security threat’	Stefan Mileschin	WebNews	0	28th March 2018 11:29
SEC investigates financial hackers attacking biotech firms	Stefan Mileschin	WebNews	0	25th June 2015 10:29
PRISM Break: Cloud storage firms increase security to attract enterprise customers	Stefan Mileschin	WebNews	0	2nd December 2013 08:30
Chinese firms win huge 4G contracts	Stefan Mileschin	WebNews	0	25th August 2013 06:39
India becoming too expensive for tech firms	jmke	WebNews	0	18th April 2008 16:10
Socket 939 Firms Up A Bit	jmke	WebNews	0	25th August 2004 10:23
NVIDIA’s Firewall Technology Approved by Security Firms	jmke	WebNews	0	7th May 2004 11:24