Despite dozens of regulatory policies and a multitude of federal and state agencies charged with overseeing security, cyber attacks on the US financial organizations are increasing in frequency and severity. Earlier this year, China Tech Threat founder, Roslyn Layton, wrote about this issue in a white paper entiteld “High-Tech Heist: Chinese Government IT Vendors and the Threat
to U.S. Banks.” Now, in our latest vlog series, Dr. Layton interviews experts on why this industry is so heavily targeted, what policy makers can do and the best way for institutions to protect themselves.
Part I: Banking Author-Expert Tom Vartanian, on Insecure Hardware, Software, and Networks
In out first vlog of the series, Tom Vartanian, author of 200 Years of American Financial Panics: Crashes, Recessions, Depressions & the Technology That Will Change it All, discusses insecure hardware, software and networks. Watch as he explains why banking is the “number one target of hackers around the planet” and how we go about solving this ever present issue.
Part II: Former Congressman Pittenger on CFIUS, China’s Rise and the Future of Technology in Banking
In In the second vlog of series, Dr. Roslyn Layton sat down with Congressman Robert Pittenger to discuss the growing threat of Chinese data collection and the ways in which we can prevent rising technology issues.
From 2013-2018, Congressman Pittenger represented the Charlotte, NC area, the country’s second-largest banking center by assets. At the time, he served as Chairman of the Congressional Task Force on Terrorism and Unconventional Warfare, and as Vice Chairman of the House Financial Services Subcommittee on Terrorism and Illicit Finance.