Protect Financial Infrastructure From Hackers, Industry Told

Cyber-attackers are increasingly targeting core financial systems and payment data, experts have said, with fintech businesses warned that complacency could lead to costly legal action.

Marco Mirko Morana, the senior vice president for cyber-security at Citibank, told a fintech conference yesterday that hackers are not interested only in accessing consumers’ bank account or card information.

Sophisticated techniques can be used to mimic banks’ payment infrastructure and find weaknesses that can be exploited by attackers, he said.

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