Vendors come under scrutiny following Wall St cyberattacks
They may be required to inform their bank customers of the strength of their defences
Thu, Oct 23, 2014 - 5:50 AM
The sweeping effort began before the hack on JPMorgan, which compromised some of the personal account information of 76 million households and seven million small businesses - PHOTO: AFP
RECENT huge cyberattacks on JPMorgan Chase and a dozen other financial institutions are accelerating efforts by US federal and state authorities to push banks and brokerage firms to close some gaping holes in their defences.