Mester: Cybersecurity Is a High Priority at the Federal Reserve

“Given the Federal Reserve system’s role in fostering a strong economy and a stable financial system, cybersecurity is a high priority for us. To put it succinctly, there is no financial stability without cybersecurity,” Cleveland Fed President Loretta Mester says.

• “As much as individual firms are investing in cybersecurity -- and it is a lot -- as a nation and globally, we are likely underinvesting,” Mester says in remarks delivered at a conference
• She doesn’t comment on monetary policy
• Link to speech

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