ABSTRACT

Critical Infrastructure Protection: Efforts of the Financial Services to Address Cyber Threats, Report to the Subcommittee on Domestic Monetary Policy, Technology, and Economic Growth, Committee on Financial Services, House of Representatives   [open pdf - 1MB]

"Since 1998, the federal government has taken steps to protect the nation's critical infrastructures, including developing partnerships between the public and private sectors. These cyber and physical public and private infrastructures, which include the financial services sector, are essential to national security, economic security, and/or public health and safety. GAO [Government Accountability Office] was asked to review (1) the general nature of the cyber threats faced by the financial services industry; (2) steps the financial services industry has taken to share information on and to address threats, vulnerabilities, and incidents; (3) the relationship between government and private sector efforts to protect the financial services industry's critical infrastructures; and (4) actions financial regulators have taken to address these cyber threats. GAO recommends that Treasury (1) coordinate with the industry in its efforts to update the sector's strategy and establish detailed plans for implementing it and (2) assess the need for public policy tools to assist the industry. In comments on a draft of this report, Treasury recognized the need to continue to work with the sector to increase its resiliency, including consideration of appropriate incentives. Other agencies and private sector entities provided technical comments, which were addressed as appropriate."

Report Number:
GAO-03-173
Publisher:
Date:
2003-01
Copyright:
Public Domain
Retrieved From:
Government Accountability Office (GAO): http://www.gao.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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