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Esther George, president and chief executive officer of the Kansas City Federal Reserve Bank.
Cybersecurity threats are growing quickly for the payment networks of the U.S. financial system, Kansas City Federal Reserve President Esther George said in remarks that did not address the outlook for the U.S. economy.
Speaking on Wednesday at a conference in Chicago on the payments system, George warned that the growing threats were undermining public confidence in the system.
Cybercriminals have hacked into major U.S. banks and even stole $81 million from an account at the New York Fed in February by…