On April 4, 2016, while speaking at the Federal Reserve Bank of Boston’s 2016 Cybersecurity Conference, Boston Fed President Eric Rosengren addressed risks in the cyber realm, noting that such risks are not abating. In Rosengren’s view, banking organizations need to continue to evolve as these risks morph, and as new innovations and expectations of convenience introduce new challenges to security. Rosengren stated, “cyber risks make it imperative that we all work together to ensure that resiliency, monitoring, detection, and recovery capabilities are operational in the financial system.”

Rosengren’s remarks are available at: http://www.bostonfed.org/news/speeches/rosengren/2016/040416/index.htm?wt.source=bfo_ers_nn