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On April 4, 2016, while speaking at the Federal Reserve Bank of Boston's 2016 Cybersecurity Conference, Boston Fed President Eric Rosengren addressed risks in the cyber realm, noting that such risks are not abating.
On April 4, 2016, while speaking at the Federal Reserve Bank of
Boston's 2016 Cybersecurity Conference, Boston Fed President
Eric Rosengren addressed risks in the cyber realm, noting that such
risks are not abating. In Rosengren's view, banking
organizations need to continue to evolve as these risks morph, and
as new innovations and expectations of convenience introduce new
challenges to security. Rosengren stated, "cyber risks make it
imperative that we all work together to ensure that resiliency,
monitoring, detection, and recovery capabilities are operational in
the financial system."
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