Citigroup Falls Victim to Largest Financial Hacking

Major U.S. banks came under growing pressure from banking regulators to improve the security of customer account information after Citigroup Inc became the latest high-profile victim of a large-scale cyber attack. While Citigroup insisted the breach had been limited, experts called it the largest direct attack on a major U.S. financial institution, and forecast it could drive momentum for a systemic overhaul of the banking industry's data security measures.