Fed's George warns on cybersecurity; no comment on economy
Cybersecurity threats are growing quickly for the payment networks of the U.S. financial system, Kansas City Federal Reserve President Esther George said in remarks that did not address the outlook for the U.S. economy.
Speaking on Wednesday at a conference in Chicago on the payments system, George warned that the growing threats were undermining public confidence in the system.
Cybercriminals have hacked into major U.S. banks and even stole $81 million from an account at the New York Fed in February by hacking into SWIFT, an international payments network.
"We must keep pace with the... read more
- 10:24 Firefighters wash up £500
- 10:23 Justin Bieber ‘faces arrest’ as he returns to Brazil after...
- 10:23 Brexit is our chance to 'renew' Britain and the West Midlands
- 10:23 UK-German stock exchange deal blocked
- 10:23 Marks and Spencer recall soup due to possible contamination
- 10:23 ‘Hallelujah’ over Headingley’s brighter future
- 10:22 Lancaster model shop to shut after 28 years trading
- 10:22 Cannabis infused candy floss edibles now exist and they need to...
- 10:21 Firefighters wash up £500
- 10:21 Man charged over death of little Violet Grace-Youens to appear in...
- 10:21 The 10 Premier League bosses to win the most points over the past...
- 10:21 Sex offender didn't want police to disturb his bereaved family
- 10:21 Stroll With Stu: Reunion a great way to end walk to village pub
- 10:21 Telford A&E could close overnight
- 10:20 Weak sterling supports UK's FTSE ahead of Brexit trigger, mid caps...
- 10:20 Muslim groups plan march against Jakarta's Christian governor
- 10:20 Iraqi forces battle towards landmark Mosul mosque
- 10:20 Duggan family lose inquest appeal
- 10:19 EU antitrust regulators block Deutsche Boerse, LSE merger
- 10:19 Why Pets at Home are set to stop selling rabbits over Easter
- 10:19 Mirko Cro Cop wants retirement fight with fellow legend...
- 10:18 Paul Weller EXCLUSIVE: ‘Magical moment’ music icon records NEW song...
- 10:18 Sir Elton John preparing animated Joseph And The Amazing...
- 10:18 Johnathan Rayfield attacked a Batley shop assistant as he stole a...
- 10:18 Leonardo DiCaprio pays tribute to ‘best acting mum’ after death of...
- 10:18 Book review: Irresistible: Why we can’t stop checking, scrolling,...
- 10:18 Disgraced hospital consultant who ripped off NHS gets unpaid work
- 10:18 Bool review: Birdcage Walk, by Helen Dunmore
- 10:18 7 great family days out in Scotland
- 10:17 Halifax MP Holly Lynch warns prison officers face huge risk of...