Banking Groups Urge US Treasury to Improve Security After Email Hack

Financial-sector trade groups are urging the US Treasury Department to bolster its cybersecurity in response to hackers intercepting the sensitive emails of more than 100 bank regulators for more than a year.

In a letter sent Monday to Treasury Secretary Scott Bessent, the associations urged federal regulators to strengthen their data-protection standards and inform organizations they oversee about security breaches affecting their data within three days. They also suggested that regulators stop requiring banks and other financial institutions to submit sensitive information through online portals or email.