‘Cyber Armageddon’? Worried NY Fed unveils infosec big hitters

The Federal Reserve Bank of New York has assembled a team of cybersecurity experts to protect the institution’s digital infrastructure in the face of concerns that a colossal hack could cause grave fiscal damage.

Sarah Dahlgren, executive vice president of the New York Fed’s Financial Institution Supervision Group, announced the creation of the bank’s cybersquad in a speech Tuesday in Manhattan.

On the heels of high-profile cyberattacks, such as last year’s assault on the computer network of Sony Pictures Entertainment, and as fears mount of a so-called “cyber Armageddon,” Dahlgren said that she’s grown weary of the bank’s own ability to fend off attacks .... http://rt.com/usa