This warning came from Joseph Demarest, assistant director of the FBI's cyber division in a recent article in USA Today. The article speaks to the proliferation of cyber attacks on US financial institutions that have resulted in more than 500 million financial records being stolen in the last 12 months. Large data breaches at institutions like Target and Home Depot have made the headlines, but other smaller breaches, such as ones recently at Dairy Queen, KMart and the Municipal Bond Insurance Association, are also occurring more and more frequently. Many victims don't even know their data has been exposed until told by their financial institution or government investigators.
Today's bank robbers are using the internet to carry out their attacks and no longer have to walk into the bank or even be in the same country. FBI and Secret Service officials are working more closely with international law enforcement groups to bring these hackers to justice. The Senate too has taken some action to help fight cybercrime by approving a bill to make it easier for the Department of Homeland Security to hire cybersecurity experts.
Read more about the article "Officials warn 500 million financial records hacked" by Erin Kelly, USA TODAY 8:10 p.m. EDT October 20, 2014
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