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SIFMA today released the following statement from Judd Gregg, CEO, in response to remarks made by Treasury Secretary Jack Lew calling for legislation that will improve U.S. cybersecurity:
“SIFMA supports Secretary Lew’s call for legislation that will improve cybersecurity efforts in the United States. Cybersecurity is a top priority for the financial services sector as we work to protect the millions of clients we serve every day and ensure the integrity of our markets.
“The best way to mitigate cyber threats is to ensure a robust partnership between the U.S. government and private sector firms. It’s vital that Congress recognize the urgency of this situation and pass legislation that promotes timely sharing of threat information between the U.S. government and private sector firms, and provides liability protections for firms that share threat information and respond to malicious activity.
“We encourage Congress to take action – any unnecessary delay will put our country at greater risk of malicious cyber attacks that could jeopardize millions of Americans and shake investor confidence in our financial system, thereby stifling economic growth and job creation.”
