Banks Dreading Computer Hacks Call for Cyber War Council

[InfoSec News <alerts () infosecnews org>]

http://www.bloomberg.com/news/2014-07-08/banks-dreading-computer-hacks-call-for-cyber-war-council.html

By Carter Dougherty
Bloomberg.com
July 8, 2014

Wall Street’s biggest trade group has proposed a government-industry cyber 
war council to stave off terrorist attacks that could trigger financial 
panic by temporarily wiping out account balances, according to an internal 
document.

The proposal by the Securities Industry and Financial Markets Association, 
known as Sifma, calls for a committee of executives and deputy-level 
representatives from at least eight U.S. agencies including the Treasury 
Department, the National Security Agency and the Department of Homeland 
Security, all led by a senior White House official.

The trade association also reveals in the document that Sifma has retained 
former NSA director Keith Alexander to “facilitate” the joint effort with 
the government. Alexander, in turn, has brought in Michael Chertoff, the 
former U.S. Secretary of Homeland Security, and his firm, Chertoff Group.

[...]

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