Central banks confirm formed task force on payments fraud

A committee of the world's major central banks said on Friday it has launched a task force to examine cyber security in cross-border banking and to ensure interbank payments are protected, confirming an earlier Reuters report. "Recent incidents of cyber fraud are of significant concern for the central banking community, and we are working to make sure there are adequate checks and balances in place at each stage of the payments process," Benoit Coeure, chairman of the Committee on Payments and M