OCC: Cyber-Risks to Payments Growing

From: GovInfoSecurity

Comptroller Calls for Tighter Controls, More Regulatory Scrutiny

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Comptroller of the Currency Thomas Curry says banking institutions need to be better prepared to address the cyber-risks associated with rolling out new payments systems.

He also calls for closer regulatory scrutiny of non-bank financial services and payments providers. At the June 3 Emerging Payments Forum, hosted by BITS, the technology policy division of the Financial Services Roundtable, he hinted that retailers should be more closely monitored as well.

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