NY Fed's new cyber taskforce dismissed as “distraction”

RBS risk veteran says banking activities pose greater threat

craig-spielmann-1
Craig Spielmann, former head of operational risk, RBS Americas

The Federal Reserve Bank of New York has formed a taskforce dedicated to combating cyber threats to financial entities, citing it as the risk most likely to cause the next financial crisis, a senior supervisor from the regulator announced on March 24 – only to see cyber threats immediately dismissed as “a distraction” by a respected operational risk veteran.

Giving the keynote address at the OpRisk North America conference in New York, Sarah J. Dahlgren, head of the Financial Institution

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