What's New? Cybersecurity

Cybersecurity is a major concern of financial institutions and federal financial regulators. Computer-security incidents can result from destructive malware or malicious software (cyberattacks), as well as nonmalicious failure of hardware and software, personnel errors, and other causes. Cyberattacks targeting the financial services industry have increased in frequency and severity in recent years. These cyberattacks can adversely affect a bank’s networks, data, and systems and, ultimately, its ability to resume normal operations.

Read more in the Digital Banking Chapter of The Gold Book under Cybersecurity.