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Nations responsible for cyberattacks on financial institutions
- Monday | 25th March, 2019
U.S. Federal Reserve Chairman Jerome Powell and Japan’s central bank chief Haruhiko Kuroda earlier this year said cyberattacks are currently the biggest risk for financial institutions. NEW YORK (Reuters) – Cyberattacks on financial institutions are increasingly being linked to nation-states, resulting in destructive and disruptive damages rather than just theft, according to a report by the Carnegie Endowment for International Peace. In January, state-backed hackers from North Korea infiltrated the Bank of Chile’s ATM network and siphoned off $10 million, it said. The number of such cyberattacks linked to nations jumped to six in 2018 from two in 2017 and two in 2016, the report, which was co-developed with British defence company BAE Systems, showed. State-sponsored attacks refer to operations that include direct nation-state activity and proxy activity carried out by criminals and so-called hacktivists.
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