From: CIO DIVE
Dive Brief:
- The Office of the Inspector General (OIG) at the Federal Reserve’s Board of Governors plans to audit how the central bank oversees cybersecurity procedures at financial institutions, according to the U.S. central bank.
- Cybersecurity efforts at banks are under growing scrutiny after several high-profile attacks, including a successful $81 million cyber heist at Bangladesh Bank, which involved, in part, hackers sending fund transfer requests to the Federal Reserve Bank in New York.
- The OIG said it will release the audit toward the end of 2016.
Dive Insight:
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