Top 10 op risks: IT sabotage

Top 10 op risks: IT sabotage

iran-reactor
The Bushehr nuclear power plant in southern Iran: the Stuxnet computer virus damaged Iran’s nuclear capabilities

Internet-based or cyber attacks have crossed the line from being a relatively minor institution-level threat to a significant danger to the stability of the financial system. A year which saw a growing chorus of warnings of the systemic dangers of cyber attack culminated in a speech by Atlanta Federal Reserve Bank president David Lockhart in late November: “In the last few months, the United States has experienced an escalating incidence of distributed denial of service attacks aimed at our

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