G7 sets common cyber-security guidelines for financial sector

By Jason Lange WASHINGTON (Reuters) – The Group of Seven industrial powers on Tuesday said they had agreed on guidelines for protecting the global financial sector from cyber attacks following a series of cross-border bank thefts by hackers. Policymakers have grown more worried about financial cyber security in the wake of numerous hacks of SWIFT, the global financial messaging system, including an $81 million theft in February from the Bangladeshi central bank's account at the New York Federal Reserve. "Cyber risks are growing more dangerous and diverse, threatening to disrupt our interconnected global financial systems," according to the guidelines agreed by G7 finance ministers and central bankers.

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