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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Treasury reviewed the benefits and risks arising from the increased use of cloud services technology by financial sector firms.
OFAC sanctioned Iran's Ministry of Intelligence and Security and its Minister of Intelligence for conducting cyber-related attacks and other malicious cyber operations against the United States and its allies.
The United States and Israel finalized a Memorandum of Understanding on cybersecurity cooperation.
At a hearing before the Senate Committee on Banking, Housing and Urban Affairs, Treasury Secretary Janet L. Yellen testified on the Financial Stability Oversight Council's 2021 Annual Report to Congress.