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GAO: Treasury is Reducing Cyber Risk But Must Track and Prioritize Efforts
Homeland Security Today: A Government Accountability Office (GAO) review has found that the Treasury Department and other federal agencies are taking steps to reduce cyber risks threatening the financial services sector. However, GAO says Treasury is failing to track or prioritize these efforts.
The financial services sector, a critical component of the nation’s infrastructure that holds over $108 trillion in assets, is an increasingly attractive target for cyber-based attacks. The sector includes banks, mutual funds, and securities dealers.
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