Thank you for the opportunity to welcome you to day two of the second annual Conference on Measuring Cyber Risk in the Financial Services Sector.1 I'd like to thank the staff who organized this gathering from the Massachusetts Institute of Technology, the Federal Reserve Bank of Richmond, and the Federal Reserve Board. Cyber threats are constantly evolving, and we can expect them to become increasingly disruptive as technology advances and our financial system becomes more interconnected. In the past few months, ransomware attacks have disrupted the ability of some financial institutions to offer a variety of banking ... (full story)