Jerome Powell says cyberattacks are the number-one threat to the global financial system

Jerome Powell says cyberattacks are the number-one threat to the global financial system

The assessment by one of the world’s leading banking officials underscores how the threat of hacking has become a top concern in the highest reaches of government.
In an interview that aired on CBS’s “60 Minutes” on Sunday, Powell said the world has changed substantially since the days of the Great Recession.
“I would say that the risk that we keep our eyes on the most now is cyber risk,” Powell told CBS. “So you would worry about a cyber event. That’s something that many, many government agencies, including the Fed and all large private businesses and all large private financial companies…

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