By Karl Schimmeck
Cybersecurity thought leaders highlighted threats to the financial services sector at SIFMA's 2015 Annual Meeting, The Capital Markets Conference, emphasizing the importance of cross-industry and cross-government collaboration and information sharing.
"I think we're at this moment when people want to make sure they're doing the right thing" said Gregory Rattray, Director of Global Cyber Partnerships and Government Strategy at JPMorgan Chase. "The ecosystem is challenging. We need to work on that as a sort of whole body -- firms, regulators, other government agencies, the technology industry all need to focus on making it a more difficult environment for adversarial behavior," he said. Rattray noted that firms' managements need to understand the value of collaboration on this important matter.
"The firms and the industry are partnering ever more effectively with government," he added. In order to ensure that this is "an effective partnership," the industry needs to make sure that when firms are unable to deter adversaries from attacks, the government can step in as a partner..... Read more...