Wednesday 28 September 2016

Cyber crime task force launched

Published 17/09/2016 | 02:30

A taskforce has been launched to examine cyber security in cross-border banking
A taskforce has been launched to examine cyber security in cross-border banking

A committee of the world's major central banks said yesterday it has launched a task force to examine cyber security in cross-border banking and to ensure interbank payments are protected.

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"Recent incidents of cyber fraud are of significant concern for the central banking community, and we are working to make sure there are adequate checks and balances in place at each stage of the payments process," Benoit Coeure, chairman of the Committee on Payments and Market Infrastructures, part of the Bank for International Settlements, said in a statement. Mr Coeure is a senior figuire at the European Central Bank.

Irish Independent

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