Senate Committee on Banking, Housing and Urban Affairs Holds Hearing on Cybersecurity in the Financial Industry
The Senate Committee on Banking, Housing and Urban Affairs held a hearing, titled "Cybersecurity: Enhancing Coordination to Protect the Financial Sector," which discussed regulatory efforts to address cyber threats and vulnerabilities and coordinate information-sharing among banking industry, regulatory community and financial industry stakeholders.
The following witnesses testified at the hearing:
- Mr. Brian Peretti, Director for the Office of Critical Infrastructure Protection and Compliance Policy, U.S. Department of the Treasury (written testimony);
- Dr. Phyllis Schneck, Deputy Under Secretary for Cyber Security and Communications, National Protection and Programs Directorate, U.S. Department of Homeland Security (written testimony);
- Ms. Valerie Abend, Senior Critical Infrastructure Officer, Office of the Comptroller of the Currency (written testimony);
- Mr. William Noonan, Deputy Special Agent in Charge, United States Secret Service (written testimony); and
- Mr. Joseph M. Demarest, Jr., Assistant Director, Cyber Division, Federal Bureau of Investigation (written testimony).
Regarding the hearing, SIFMA submitted a statement to the Committee in which it encouraged Congress to "engage more productively" in the effort to improve cybersecurity by passing the Cybersecurity Information Sharing Act of 2014 ("CISA" or "S.2588").
See: Press Release; Webcast of Hearing; SIFMA Statement.