February 27, 2024
Lawmakers urged to shift Secret Service back to Treasury, bolster info-sharing to fight cyber threats in financial sector
Tax credits for security improvements, moving the Secret Service back to the Treasury Department and better info-sharing are among the steps suggested by cybersecurity experts to help battle a “cyber-insurgency” of attacks on the financial sector and its customers that have been exacerbated by the COVID-19 crisis.
“During the first five months of 2020 alone, cyberattacks against the financial sector increased by 238 percent, according to VMware Carbon Black data. Cybercriminals are capitalizing on COVID-19, and they are doing so...