“President Obama’s executive order provides important direction to the public sector on the need to share information associated with threats to our critical infrastructures. The order recognizes the role of primary federal regulatory agencies in determining the extent to which current cybersecurity regulatory requirements are sufficient. It also recognizes the value of leveraging existing expertise within sector-specific agencies and the National Institute of Standards and Technology to the greatest extent possible as the administration evaluates the need for enhanced standards.
“Banks and other financial services companies have made cybersecurity a top priority. We have invested an enormous amount of time, energy and money to put in place the highest level of security among critical sectors, and we are subject to the most stringent regulatory requirements. We look forward to continuing to work with the administration and Congress toward our mutual goal of protecting our nation’s critical assets.”
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The American Bankers Association represents banks of all sizes and charters and is the voice for the nation’s $14 trillion banking industry and its two million employees. Learn more at aba.com