Official Calls Hackers Threat to Financial System

Hackers and other cybercriminals pose as grave a threat to the financial system as the recent financial crisis if banks and government officials don't mount an effective response, a top U.S. official warned. The growing sophistication of cyberattacks spawned by criminal organizations, hackers and other foreign governments could pose a systemic risk to the financial system, Comptroller of the Currency Thomas Curry said in a speech in Washington.