Bank Cyber Attacks Said to Prompt Fed to Prepare New Safeguards

  • U.S. agencies working on protections that lenders must adopt
  • Hacks of Bangladesh central bank and JPMorgan raise alarms

U.S. regulators plan to require banks to adopt baseline safeguards to shield themselves from cyberthreats after a series of assaults cost the industry billions of dollars and shook consumer confidence, said people with knowledge of the matter.

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