Treasury calls for streamlined cybersecurity regulatory requirements

From: Inside Cybersecurity

The Treasury Department is calling on state and federal regulators to harmonize and streamline cybersecurity requirements in a report that is seen as the first indication from the Trump administration on financial regulatory reforms.

“In cybersecurity, financial institutions share the same goal as regulatory agencies: maintaining the safety and soundness of the financial system by mitigating and protecting financial institutions and the sector from cybersecurity risks,” according to the Treasury report issued on June 12.

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