Report: Growing risk of cyber attacks on banks

|
News,Business

ALBANY, N.Y. (AP) — A yearlong survey of New York bank security has found that cyber thieves are using increasingly sophisticated methods to breach bank accounts.

The report, issued Monday by Gov. Andrew Cuomo and the state's Department of Financial Services, found that a majority of the 154 New York banks surveyed reported being the target of cyber attacks in the past three years.

The attacks involved the use of malicious software and phishing schemes intended to take over bank accounts, seize data and steal the identity of bank customers.

Cuomo says he's directing bank regulators to regularly analyze bank security practices to determine how vulnerable they are to attack.

View article comments Leave a comment