SIFMA today released the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, regarding President Trump’s executive order on cybersecurity:
“We commend the Administration for its focus on the critically important issue of cybersecurity. Improving both the government’s and the private sector’s ability to defend against cyber attacks is a top priority for the financial services industry. SIFMA member firms dedicate tremendous resources to protect the integrity of the capital markets and the millions of Americans who use financial services every day.
“The Administration’s Executive Order is a positive step forward for enhancing the cyber defense capability of the government, but we urge those agencies and departments not directly covered by this action to adopt these policies to better protect Americans.
“We are encouraged by the focus on international collaboration and the intent to align cybersecurity policy with the NIST cybersecurity framework. It is imperative that cybersecurity guidance and regulation be appropriately coordinated to avoidduplications and conflict that can detract from the overall mission.”