Recently-disrupted LockBit ransomware group, in a desperate attempt to make a comeback, claimed this week that it had hit the Federal Reserve, the central bank of the United States. Except, the rumor has been quashed.
The US Federal Reserve suffered a massive IT systems outage today that prevented wire transfers, ACH transactions, and other services from operating.
The U.S. Federal Reserve today issued guidance on how financial organizations from the United States can mitigate payment fraud attempts scammers carry out with the help of synthetic identity accounts.
Federal Reserve Bank (FRB) systems are exposed to an increased risk of unauthorized access because of security weaknesses found in the U.S. Treasury Department's computing systems according to a management report issued by the U.S. Government Accountability Office (GAO).