Cybersecurity remains the top risk to financial sector stability, U.S. policy makers said Thursday in the first Financial Stability Oversight Council risk report under the Trump administration.
The council—a group of senior officials overseeing the financial system—recommended the creation of a private-sector council composed of senior executives in the financial industry that would correspond with regulators on cybersecurity issues, suggesting the financial industry should be allowed to handle those vulnerabilities with less government involvement.
via Regulators See Cybersecurity as Top Financial Industry Risk – WSJ.
