Treasury’s Jacob Lew’s speech could signal a policy shift for the Treasury, cybersecurity expert says. Lew’s comments were noteworthy because they apparently mark the first time a member of the Treasury Department has directly addressed cyber-risks. Privacy attorney Ron Raether says the broad statements made by Lew about what can be done to solve the problems vexing information sharing won’t likely translate well into tangible practices in the business world. A malicious cyber-actor could cause “catastrophic damage” to the U.S. financial system without directly attacking a banking institution.”]
Source: https://www.bankinfosecurity.com/treasurys-new-focus-on-cyber-risks-a-7068