Tag: IMF

Citi data breach shows need for new FFIEC regulations

This week’s data breach at Citibank, which appears to have compromised the personal details of up to 200,000 consumers, was followed on Monday by a reported hack at the International Monetary Fund (IMF). Serious incidents at two of the world’s most high-profile financial institutions within a matter of days of one another has once again highlighted the need for new legislation to govern online financial services