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Wall Street Is Worried About Tom Clancy Scenario

The Securities Industry and Financial Markets Association (SIFMA), an industry trade group for banks securities firms and asset managers, is worried about catastrophic attacks against their members, Bloomberg reported today. Bloomberg reports on an internal document they have seen, stating: “The document sketches an unusually frank and pessimistic view by the industry of its readiness for…

Senate Intelligence Committee Approves Cybersecurity Bill

The Senate Intelligence Committee approved a cybersecurity bill on Tuesday which is intended to help companies and government agencies defend against cyber-attackers. The Cybersecurity Information Sharing Act would make it easier for businesses and governments to share information with each other about cyberattacks. Businesses have previously shied away from formal and informal information sharing because…