00:00It's Benzinga, bringing Wall Street to Main Street.
00:02U.S. banking regulators are checking for cybersecurity vulnerabilities
00:06following last week's $6.3 billion hack of Binance, according to Reuters.
00:12The Federal Reserve and Office of the Comptroller of the Currency began contacting banks Monday
00:17to ask about unusual activity or service disruptions. Banks are reviewing their
00:22systems to defend against similar attacks. A cybersecurity team at one major U.S. bank
00:28contacted Binance shortly after the breach and is preparing an internal report that could lead to
00:33security updates. One source said, rapidly evolving artificial intelligence models are making it
00:39harder for banks to keep pace with hackers. The scrutiny comes as U.S. regulators have eased
00:45restrictions on banks entering cryptocurrency markets. For all things money, visit Benzinga.com.
Comments