Financial-sector trade groups are calling on the US Treasury to tighten cybersecurity measures following a severe email breach that affected over 100 bank regulators for more than a year. In their letter to Treasury Secretary Scott Bessent, these associations are advocating for stronger data protection standards and quicker notification of data breaches to the organisations involved.
Key Points
- Banking groups are pressing the US Treasury to enhance its cybersecurity protocols.
- Hackers accessed sensitive emails of over 100 bank regulators for a prolonged period.
- The letter demands notification of data breaches within three days to affected organisations.
- Regulators are urged to cease the reliance on online portals or email for submitting sensitive data.
- This incident highlights critical vulnerabilities in national financial security infrastructure.
Why should I read this?
This is a must-read if you’re in the banking or finance sector. It reveals how even the highest levels of government can fall prey to cyber threats, and what steps are being pushed to safeguard sensitive data. Staying informed can help you understand the implications for your own organisation and the need for stronger security measures in an increasingly digital world.
