Lawmakers in Congress need to step up to the plate and protect U.S. cyber networks, Treasury Secretary Jack Lew said on Wednesday.
New legislation allowing companies to share information with each other and the government while still providing “important liability protection” is needed to ensure that banks and other major networks stay safe from hackers, Lew said at the Delivering Alpha conference in New York.
“Our cyber defenses are not yet where they need to be,” he said, according to prepared remarks. “Cybersecurity must be ongoing, and by working together — all of us — we will meet this test.”
If you’d like to discuss cyber law, contact Chris Ingle, chairman Rose Law Group Cyber-Law Department, cingle@roselawgroup.com