The International Monetary Fund assessed cybersecurity for the first time in its semiannual financial risks report, due to the potential damage from cyberattacks on the financial sector. Financial fallout from cyberattacks on banks and other companies has increased in recent years and hacks don’t have to be large-scale to cause serious consequences, said Felix Suntheim, deputy division chief in the IMF’s monetary and capital markets department.
Read the article: The Wall Street Journal
