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Hey Steve if you can stay with displeased because we have some breaking news and we wanna give -- that breaking news but then come right back to Steve Milligan is breaking news on bank cyber attacks we -- -- -- down there.
Washington DC inside the beltway to Peter Barnes who's got the details the very latest on this -- Peter.
Well that's right David the financial stability oversight council just releasing its annual report and it includes a chilling account.
Of the growing threat of -- cyber attacks on our nation's financial system here.
Is that what the report says quote during 2012 more than a dozen financial institutions sustained distributed denial of service attacks to their public web sites.
All of which were attribute -- attributable to a single -- these particular tax which began in September were targeted persistent and recurring these attacks targeted a number of the largest financial institutions as well as a few large regional organizations but knowledge and skill of the attackers appeared to increase over time.
And with this recent experience report goes on to say the financial.
Server the financial sector has become increasingly adept at identifying accessing preventing and mitigating cyber risks David and -- Okay we're gonna ask Steve about this over at Western Digital but Peter what single group did they name out.
No but you know that the administration has single -- -- -- -- -- these for a lot of cyber attacks but they but they but the regulators.
The bank regulators Wall Street regulators do not specifically -- Any but but but -- single group though.
More than a dozen attacks that mean this is pretty sophisticated and it and it's a growing problem notable by their absence and evidence bank executives have been telling Charlie Gasparino how important this issue is right now but.
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