Sen. Warren Worried About Banks’ New Encrypted Messaging Platform

UPDATE–The list of politicians in Washington wringing their hands over the increasing use of encryption by consumers and businesses is growing longer by the day. Sen. Elizabeth Warren added her name to that list on Monday. Warren (D-Mass.) sent a letter to Attorney General Loretta Lynch expressing concern about a new encrypted communications platform that […]

In an alert issued by the Office of the Comptroller of the Currency (OCC), Deputy Comptroller for Operational Risk Carolyn G. DuChene warned financial and other critical institutions about the wave of ongoing distributed denial of service (DDoS) attacks targeting their networks. DuChene is urging the banks in particular to share data about the attacks with one another and reiterated the OCC’s expectation that banks have risk management plans designed to mitigate such attacks in place ahead of time.

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