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Regulator warns of ‘Armageddon’ cyber attack on banks

Ben Lawsky, head of New York’s Department of Financial Services (DFS), said he fears a cyber attack aimed at the financial system that will represent a “systemic risk” to the financial system and broader economy – not unlike the mortgage meltdown of 2008.
New York state proposes new measures to prevent money laundering  
NY’s Lawsky Says Banks Need Money-Laundering Spot Checks  
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