SIFMA today issued the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, after NATO declared cyber defense a part of its core collective defense effort:
"Cybersecurity is a top priority for the financial services industry, which is dedicating significant resources to protect the integrity of the financial markets and the millions of people who use financial services every day. We commend NATO for acknowledging the increasing threat that cyber attacks pose to the security and prosperity of its member nations and for taking action to enhance the collective defense effort. SIFMA continues to believe that the most effective way to mitigate cyber threats is for the public and private sectors to work together. We hope NATO's action will encourage greater international cooperation on cybersecurity."