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Treasury's Adeyemo sees elevated cyber threats in wake of Russia's war in Ukraine

Saturday, June 18, 2022
Treasury's Adeyemo sees elevated cyber threats in wake of Russia's war in Ukraine © Reuters. U.S. Deputy Treasury Secretary Wally Adeyemo speaks during a joint news conference with EU Commissioner McGuinness (not pictured) in Brussels, Belgium March 29, 2022. REUTERS/Johanna Geron/Pool

WASHINGTON (Reuters) - U.S. Deputy Treasury Secretary Wally Adeyemo warned bankers about elevated cyber threats in the wake of Russia’s invasion of Ukraine, and underscored the department's commitment to sharing real-time intelligence, Treasury said on Friday.

Adeyemo told members of the Bank Policy Institute's technology policy division that it was important for the federal government and financial institutions to work together to share information and stay ahead of "committed adversaries," it said.

He also underscored "Treasury’s commitment to sharing appropriate intelligence and fostering an ongoing, real-time dialogue with financial institutions about threats as they arise," Treasury said in a statement.

No details about the nature of the cyber threats were immediately available.

Wednesday's meeting was Treasury's third with the group since the end of last year, a Treasury official said, adding that the financial sector was ahead of most other sectors in terms of collaboration with the government on cyber threats.

Other Western powers have also seen a rise in cyber attacks on financial institutions since the war began.

BaFin, Germany's financial regulator, last month issued a fresh cyber security warning to the nation's financial sector following a recent increase in cyber attacks.

Russia's invasion of Ukraine on Feb. 24, which Moscow calls a special military operation, has caused a serious deterioration in its relations with the West. Moscow denies Western accusations of involvement in cyber attacks.

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26-06-2022 18:42:25 (UTC+7)

EUR/USD

1.0554

+0.0031 (+0.29%)

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EUR/USD

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+0.0031 (+0.29%)

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USD/JPY

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AUD/USD

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USD/CAD

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EUR/JPY

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S&P 500

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1,765.74

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42.215

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 EUR/USD1.0554Buy
 GBP/USD1.2272↑ Sell
 USD/JPY135.23↑ Buy
 AUD/USD0.6944↑ Sell
 USD/CAD1.2891↑ Sell
 EUR/JPY142.71↑ Buy
 EUR/CHF1.0114↑ Sell
 Gold1,828.10↑ Buy
 Silver21.130Sell
 Copper3.7365Sell
 Crude Oil WTI107.06↑ Sell
 Brent Oil113.19↑ Sell
 Natural Gas6.173↑ Buy
 US Coffee C223.40↑ Buy
 Euro Stoxx 503,533.17Neutral
 S&P 5003,911.74↑ Buy
 DAX13,118.13↑ Sell
 FTSE 1007,208.81↑ Buy
 Hang Seng21,719.06↑ Buy
 Small Cap 20001,765.74↑ Buy
 IBEX 358,244.10Sell
 BASF42.215↑ Buy
 Bayer57.79↑ Sell
 Allianz181.20↑ Sell
 Adidas170.36↑ Sell
 Lufthansa5.966↑ Sell
 Siemens AG102.62↑ Buy
 Deutsche Bank AG8.919↑ Buy
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