Treasury discusses cybersecurity in banking



Treasury discusses cybersecurity in banking

On Tuesday, members of the  Financial and Banking Information Infrastructure Committee (FBIIC) met to discuss cybersecurity policy issues in the financial sector. The FBIIC is made up of 18 federal and state financial regulatory organizations, and is chaired by the Treasury Department.

The FBIIC meets regularly to coordinate cybersecurity strategy and policy developments, adopting cybersecurity best practices, and responding to and recovering from cyberattacks. During the meeting, the FBI briefed the committee on current cyber threats, and the FBIIC discussed increasing information sharing to manage cyber risks. The FBIIC also reviewed the results of recent cyber exercises.

The FBIIC was chartered under the President’s Working Group on Financial Markets following September 11, 2001 to improve coordination and communication among financial regulators, enhance the resiliency of the financial sector, and promote public-private partnership.

For more information about the FBIIC meeting, please follow the links below.
Readout from a Treasury Spokesperson on Today’s Cybersecurity Meeting of the Financial and Banking Information Infrastructure Committee (FBIIC), Department of the Treasury
Interagency Committee Holds Meeting on Cybersecurity, ABA Banking Journal

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