NY Fed: Capital Markets Must Be More Wary of Data Cyber Threats

Thetford told attendees that the profile of cyber-attacks has changed from lone hackers in their basements or activist groups seeking to cause reputational damage or disruption, and the biggest threat to data security is now nation states and insiders intent on deeply infiltrating firms' data architectures for financial gain.

In fact, the primary driver for this new breed of adversaries is often commercial because there is "money to be made" from cyber-crime by selling sensitive data on the