Cyber-Threats Continue to Target the Financial Industry

September 19, 2011
FedCyber Wire, Incidents
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Cyber-criminals continue to target United States businesses, the country’s financial institutions and government agencies in an ongoing effort to steal both money and information. Still, despite the best efforts of local, state and federal law enforcement, these cyber-criminals show no signs of slowing down, according to new Congressional testimony by some of the country’s leading cyber-security experts.

Financial services is “where the money is” so cyber-criminals increasingly target this sector, Greg Schaffer, acting deputy undersecretary at the Department of Homeland Security, told the members of the House of Representatives Financial Services Committee’s Subcommittee on Financial Institutions and Consumer Credit on Sept. 14. Officials from the Secret Service and the Federal Bureau of Investigation joined Schaffer to discuss trends in cyber-crime.

Continued here.