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Jerome Powell says Fed is ‘on alert’ for possible Iranian cyberattacks because ‘we’re a target as well’
Hackers connected to the Iranian government have a history of trying to attack U.S. government agencies and the financial sector.
Federal Reserve Chair Jerome Powell told Congress the central bank had been “in touch” with government agencies and financial institutions about cybersecurity to ward off a possible Iranian attack. Concerns about possible cyber strikes from Iran or its proxy groups grew after the U.S. attacks on the country’s nuclear enrichment sites over the weekend. Businesses and the financial sector in particular have already been warned by experts and government agencies, including the Department of Homeland Security, that Iran might respond to the U.S.’s air strikes by trying to hack critical digital infrastructure.
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