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US banks increasingly face cyber-extortion, digital impersonation, OCC warns

By Neil Roland ( July 13, 2016, 21:49 GMT | Insight) -- Banks are increasingly exposed to a range of cyberattacks that include demands for extortion payments to be made in virtual currency and digital impersonation of chief executive officers to secure fraudulent wire transfers, US regulators warned.Banks are increasingly exposed to a range of cyberattacks that include demands for extortion payments to be made in virtual currency and digital impersonation of chief executive officers to secure fraudulent wire transfers, US regulators warned....

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