On Wall Street, backing up data now comes with a code name.
Nearly three dozen banks are leading a group called Sheltered Harbor that’s designed to protect consumers’ access to their data in the event a financial institution is hacked. Banks, credit unions and brokerages representing 400 million accounts – or 70% of US retail accounts and 60% of US brokerage accounts – have signed up to be part of the effort, which went live earlier this year.
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