U.S. urges banks to consider cyber risk insurance amid hacking threats

4 Dec

Bankers and officials have become more vocal lately about concerns that malicious hacks could put customer data and the stability of the financial system at risk.

Cyber insurance will not stop hackers, but it can help banks improve their broader cyber controls, Treasury Deputy Secretary Sarah Bloom Raskin told the Texas Banker’s Association at a cyber security conference.- more Yahoo News

Makaseh Identity is a secure option to replace the current authentication system to a recognition based system.

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