OCC sees sharp drop in ransomware attacks on US banks

OpRisk North America: drop-off confounds expectations and mystifies regulators

Cyber security

The number of ransomware attacks on US banks has fallen sharply since Russia’s invasion of Ukraine – confounding expectations and leaving regulators at a loss to explain why.

“From Halloween to Valentine’s Day, I had seen more ransomware attacks across the section than in the previous 18 months,” said Kevin Greenfield, deputy comptroller for operational risk policy at the US Office of the Comptroller of the Currency. “Then, on February 24, it slowed down.”

The OCC has continued to register a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here