Global Threat: Finance chiefs discuss cyber attacks

Computer systems in nearly 100 countries were hit by a cyber attack on Friday

BARI: G7 finance ministers on Saturday turned their focus to combating cybercrime in what Italy’s Pier Carlo Padoan described as an “unfortunately very timely” discussion. The ministers were expected to commit to stepping up international cooperation on the issue after a global onslaught that hit computer systems in nearly 100 countries on Friday. The talks, scheduled before Friday’s events, focused particularly on the potential threat to the global financial system in the event of hackers being able to infiltrate the computer systems that run the global banking system, capital and equity markets.

Published in The Express Tribune, May 14^th, 2017.

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