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N.Y. Fed: Cyberattack on major bank could jeopardize stability

Tuesday, January 14, 2020   (0 Comments)
Posted by: Amanda Averch
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A cyberattack on a significantly active bank in the US "would likely be amplified to affect the liquidity of many other banks in the system," according to a report by the Federal Reserve Bank of New York. "This could have severe implications on the stability of the broader financial system vis-a-vis spillovers to investors, creditors, and other financial market participants," the report states.

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