U.S. Urges Finance Industry to Form Cyber Threat Clearinghouses

A Treasury Department official urged the U.S. financial-services industry to help the government identify cybersecurity threats to limit “technology’s potential for disruption and destruction.”

“We have had important recent reminders that our financial institutions and markets are vulnerable to malicious cyber-attacks and operational failures,” Cyrus Amir-Mokri, the Treasury’s assistant secretary for financial institutions, said in the text of a speech today at a Securities Industry and Financial Markets Association conference in Boca Raton, Florida.