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Espionage cited as the US Federal Reserve reports 50-plus breaches from 2011 to 2015

Grant Gross | June 2, 2016
Potential rewards for hacking central bank are high for attackers who have a sophisticated skill set.

The banking system is often a "hard target," but the potential rewards are high for attackers who have a sophisticated skill set, added Richard Ford, chief scientist at security vendor Forcepoint. "There's a certain brand of attacker who loves going after banks," he said. "That's really where the money is."

In the case of attacks on the Fed, attackers are probably looking for information, Ford said. "Information is money," he said. "There are certain pieces of information that people are looking for that can be monetized in other ways than ... moving money out."

 

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