PUBLISHED ON FRIDAY, 11 APRIL 2014 17:05

FOR IMMEDIATE RELEASE:

April 11, 2014

CONTACT:

Laena Fallon, (202) 457-8783

WASHINGTON, DC – Rob Nichols, President and CEO of the Financial Services Forum, today issued the following statement regarding the joint guidance from the Justice Department and the Federal Trade Commission on cyber-threat information sharing:

“The policy statement issued yesterday by the Justice Department and the Federal Trade Commission (FTC) is a helpful step forward in our nation’s ability to defend the commercial sector against cyber-attacks.  Cyber-crime and cyber-terrorism are mounting threats to U.S. business interests in the digital age.  The ability of businesses to actively cooperate by sharing information regarding the nature, origin, and severity of incoming threats is critical to defending commercial interests and the security of customer information.  The financial sector welcomes the clarity provided by the Justice Department and FTC and looks forward to working with Congress to ensure that businesses and corporations have all the tools and certainty needed to ensure cyber-security.”