Office of the Inspector General has begun auditing the Federal Reserve’s effectiveness when it comes to ensuring that U.S. banks have robust information security policies, procedures and practices in place. The audit is due to be completed in the fourth quarter of this year. It follows the February theft of $81 million from the central bank of Bangladesh’s New York Federal Reserve account via the messaging service provided by Brussels-based SWIFT. The security of SWIFT’s messaging system has been called into question after investigators reported discovering coordinated malware attacks against multiple banks.”]
Source: https://www.cuinfosecurity.com/federal-reserve-watchdog-probes-banks-cybersecurity-a-9215