The U.S. Treasury’s Office of the Comptroller of the Currency is out with its first Semiannual Risk Perspective report under Trump appointee Joseph Otting.
It’s not terribly rosy from a cybersecurity perspective, reports Bloomberg News.
The Comptroller’s office singled out cyberattacks as an increasing risk: “U.S. Banks are facing a growing threat from cyberattackers and making defense against them more complex by relying on third-party firms for support,” Bloomberg reports.
In addition, banks are facing attacks from hackers that exploit weaknesses in clients’ security, the report says. Click here to read the full text of the Semiannual Risk Perspective. The section on cybersecurity is on pages 14 and 15.