The Treasury Department reported on the state of AI-cybersecurity risk and recommended that financial institutions broaden risk management and cybersecurity practices, consider greater integration of AI solutions into cybersecurity practices and collaborate on threat information sharing.
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SEC Chair Gary Gensler asserted that the agency "takes its cybersecurity obligations seriously" and that Commission staff recognize that the recent hack of the SEC's "X" account by an unauthorized party raises "concerns about the security of the SEC's social media accounts."
The DOJ and the Department of Homeland Security, along with other federal partners, launched a joint website to combat the threat of ransomware.
Treasury Secretary Steven T. Mnuchin explained funding priorities contained in the proposed FY 2021 Budget.
Finance ministers and central bank governors for the G-7 countries published a report on the fundamental elements required for effective assessment of cybersecurity in the financial sector.