ABSTRACT

Serial No. 114-26: Protecting Critical Infrastructure: How the Financial Sector Addresses Cyber Threats: Hearing Before the U.S. House of Representatives, Committee on Financial Services, Subcommittee on Financial Institutions and Consumer Credit, One Hundred Fourteenth Congress, First Session, May 19, 2015   [open pdf - 2MB]

From the opening statement of Gregory T. Garcia: "Today I will discuss how we are organized under regulatory and partnership frameworks to manage the cyber risks and threats that are faced by the financial sector. The financial sector operates over a network of information and communications technology platforms, making cybersecurity of paramount importance to the sector. A successful cybersecurity or physical attack on these systems could have significant impacts on the global economy and the Nation. For example, malicious cyber actors vary considerably in terms of motivation and capability, from nation-states conducting corporate espionage to sophisticated cyber criminal groups stealing money, to ''hacktivists'' intent on making political statements. Many cybersecurity incidents, regardless of their original motive, have the potential to disrupt critical systems, even inadvertently. Thus, the FSSCC's [Financial Services Sector Coordinating Council] mission is to strengthen the financial sector's resilience against attacks and other threats. We work with the Treasury Department, law enforcement, the Department of Homeland Security, the intelligence community, and regulators toward four main objectives." Statements, letters, and other materials submitted for the record include the following: Kenneth E. Bentsen Jr., Russell Fitzgibbons, Gregory T. Garcia, Jason Healey, and Robert S. Nichols.

Report Number:
Serial No. 114-26
Publisher:
Date:
2015-05-19
Copyright:
Public Domain
Retrieved From:
United States. House of Representatives. Committee on Financial Services: http://www.financialservices.house.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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