MTA scare highlights public finance cyber woes



Subway safety in New York took on a new meaning when the Metropolitan Transportation Authority acknowleged a cyber intrusion, which set off loud alarm bells about the rising threat of system hacks.

The MTA is one of the largest municipal issuers and reports linked China’s government to the episode.

Despite MTA officials? assurances of quick troubleshooting and no evidence of compromise to its operational systems, employee or customer information, this marked the latest chilling cybersecurity event for public finance.

Author(s): Paul Burton

Publication Date: 7 June 2021

Publication Site: Fidelity Fixed Income

Day-by-day ridership numbers



Updated February 18, 2021

We’re keeping this page up to date with systemwide ridership and traffic estimates for subwaysbusesLong Island Rail RoadMetro-North RailroadAccess-A-Ride, and Bridges and Tunnels. You can see changes over the past seven days, as well as get a sense of how ridership and traffic differs this year versus last year. We will generally update the page on weekdays, excluding holidays, with the prior day’s figures. At times, data issues may delay the updates.

Download all the data we have published on this page.

Date Accessed: 18 February 2021

Publication Site: MTA

New York MTA buys time as shadows hover



In sidestepping for now a planned subway and bus fare increase ? a public-relations third rail ? New York?s Metropolitan Transportation Authority called a familiar crisis-management play. It bought time.

Its board on Thursday agreed at Chairman Patrick Foye?s urging not to vote on a 4% biennial fare and toll hikes.

The state-run MTA, which operates mass transit in the New York City region, is in line for $4 billion from the federal rescue bill passed last month and the prospects of an even bigger aid package under President Biden and new Senate majority leader, New York Democrat Charles Schumer.


Still, the authority, one of the largest municipal issuers with $47.5 billion of core-credit debt, faces a budget crunch and a variety of pandemic-related uncertainties.

Author: Paul Burton

Publication Date:

Publication Site: Fidelity Fixed Income