{"id":195216,"date":"2026-03-12T12:37:00","date_gmt":"2026-03-12T16:37:00","guid":{"rendered":"https:\/\/testing.news-you-need.com\/index.php\/2026\/03\/12\/bank-regulators-warn-of-increased-cyber-risk-from-iran-war\/"},"modified":"2026-03-12T13:00:12","modified_gmt":"2026-03-12T17:00:12","slug":"bank-regulators-warn-of-increased-cyber-risk-from-iran-war","status":"publish","type":"post","link":"https:\/\/testing.news-you-need.com\/index.php\/2026\/03\/12\/bank-regulators-warn-of-increased-cyber-risk-from-iran-war\/","title":{"rendered":"Bank regulators warn of increased cyber risk from Iran war"},"content":{"rendered":"

Bank regulators warn of increased cyber risk from Iran war<\/a><\/p>\n

https:\/\/www.bankingdive.com\/news\/bank-cyber-risk-iran-war-regulators-cybersecurity\/814564\/<\/a><\/p>\n

Publish Date: 2026-03-12 12:37:00<\/a><\/p>\n

Source Domain: www.bankingdive.com<\/a><\/p>\n

Author: <\/a><\/p>\n

Using an unordered list, summarize the following article with between 4 and 8 key points. <\/p>\n

Regulators are warning financial institutions of increased cybersecurity risk amid the Iran war.
\nThe California Department of Financial Protection and Innovation sent the firms it regulates a bulletin last week informing them of the need for heightened cyber awareness, said Christina Tetreault, a deputy commissioner with the DFPI.\u00a0
\nWith the military action occurring in the Middle East, Iran has said it will target financial institutions, specifically those in the region linked to the U.S. and Israel. Citi and Standard Chartered told staff not to come into offices in Dubai, The New York Times reported. Goldman Sachs has done likewise, according to Bloomberg. HSBC closed branches in Qatar.
\nThreats from the conflict in the region extend to the cyber realm, Tetreault indicated.<\/p>\n

\u201cMaking sure that our licensees and covered persons really are vigorous in their cybersecurity defenses is very much part of what we’re working to do with bulletins and other advice and educational materials,\u201d Tetreault said Wednesday during a Banking Dive-Payments Dive virtual event.
\nIt\u2019s also a topic of conversations between the state\u2019s examiners and licensees, she noted. \u201cWe’re very eager to see people really fortify those defenses,\u201d Tetreault said, because \u201cwe know that financial institutions are a target.\u201d
\nSimilarly, the New York Department of Financial Services issued a letter last week to chief information security officers of its regulated institutions, alerting them to increased risk of cyberattacks from global conflict, saying \u201crecent events warrant vigilance.\u201d\u00a0\u00a0
\nLate Wednesday, Michigan-based medical equipment company Stryker said it was experiencing a global network disruption due to a cyberattack, MedTech Dive reported. An Iran-linked threat actor that researchers call Handala claimed credit for the attack, according to Check Point Research.
\nFitch Ratings warned Monday that hacktivists, state-sponsored groups or solo actors may target critical infrastructure and U.S. public entities through cyberattacks, in response to the bombing campaign that began Feb. 28, Cybersecurity Dive reported.
\nThe DFPI\u2019s bulletin said California financial institutions are \u201cencouraged to maintain a high level of awareness as the situation overseas continues to unfold.\u201d\u00a0
\nNYDFS also encouraged financial institutions to review their cybersecurity programs, making sure they\u2019re compliant with the department\u2019s cyber regulation, and ensuring cyber practices reflect a \u201cheightened threat environment.\u201d\u00a0<\/p>\n

Regulated entities were urged to mitigate security vulnerabilities to reduce access points for bad actors, monitor web traffic to be able to identify attacks intended to disrupt traffic to a network, and remove or reduce devices connected to the public internet and disable unused ports, according to California\u2019s bulletin.
\nBanks and other firms were encouraged to prepare for cyber incidents by reviewing and testing procedures and response playbooks to protect and restore essential functions, information systems and nonpublic information. Financial institutions should confirm detection thresholds and escalation channels are sufficient, the state agencies said.\u00a0\u00a0\u00a0
\nCalifornia and New York regulators also recommended lenders bolster monitoring for suspicious activity on information systems; monitor communication from supply chain partners; ensure alternate secure communication channels are available if main networks are affected; confirm strategies to communicate to employees and customers are sufficient if system and service disruptions are protracted; and monitor for disinformation involving their company.
\nFinancial institution CISOs should also ensure minimum possible user and service account permissions and privileges, when it comes to accessing and maintaining web servers and databases; and restrict and validate user inputs before forwarding to databases, to protect against cyberattacks that involve injecting malicious code into an application.
\nTetreault encouraged California-licensed financial institutions to reach out to the DFPI for cyber-related resources.
\nA spokesperson for FS-ISAC, a cybersecurity information-sharing organization for the financial industry, said the group is coordinating with other entities \u201cto ensure our ecosystem has continuous access to the latest intelligence and guidance to protect the global financial system\u201d amid military action in the Middle East.
\n\u201cGeopolitical conflicts and ongoing tensions have always presented opportunities for threat actors to target the financial sector. Recent events have shown that it is vital that the sector remains vigilant against increased nation-state activity and hacktivism,\u201d the spokesperson said.
\nThe Federal Reserve, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. declined to comment. The Treasury Department and Financial Crimes Enforcement Network didn\u2019t respond to a request for comment.\u00a0<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

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