The financial industry has been taunted and attacked by hackers from other countries, mainly China. The financial industries have security resources in place, but "tremendous vulnerabilities" remain. Threats include individuals positioning themselves inside a business to negatively impact operations and malware.
Given the impact of the value of information on financial institution networks, the loss or compromise of this information as well as the impact to investors it is imparative that our resources are protected. History has shown that the hackers strike when a business is most vulnerable, such as during a crisis.
It was interesting to read the comments on the article. Many people were not pleased that a federal agency was assisting the financial/banking industry, asking when their company could get help from the federal government to fix their problems, etc. Not many positive comments. We are a bunch of complainers, aren't we? I think this is a great step. Hillary Clinton's book, It Takes a Village describes the number of caring people that make up the lives of children, from parents, grandparents, teachers, friends, neighbors, law enforcement officials, government officials and others. Looking at the resources of our country, these children need the support of friends, neighbors, law enforcement, goverment officials and others. We're all in the same boat. When one aspect fails, we all fail.
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