[ISN] Banks’ Concerns About Cyberthreats Grow

http://www.bankinfosecurity.com/banks-concerns-about-cyberthreats-grow-a-7486 By Tracy Kitten Bank Info Security October 28, 2014 Banking leaders say they’re substantially more concerned today than they were just six months ago about cyber-attacks and geopolitical threats aimed at the global financial system. That’s according to a report covering results of a survey conducted during the third quarter and published last week by the Depository Trust & Clearing Corp. The DTCC provides clearing and settlement services for banking institutions. Participants in the survey included financial stakeholders from throughout the world. Since March, when the DTCC last conducted its Systemic Risk Barometer survey, more global banking leaders say they see ongoing cyber-risks as posing increasing concern. They rate cyberthreats as the No. 1 systemic risk facing the global economy today. Banking institutions and other financial services firms surveyed by the DTCC say that in the past 12 months, they have increased their investments in systems and technologies designed to monitor and mitigate systemic risks, such as cyber-attacks and economic recessions that could collapse the global financial system. […]