Russia Today - July 08, 2014
The top trade group on Wall Street wants the White House to assemble a
“cyber war council,” according to a new report, as America’s banks
continue to brace for hackers to hit their computer systems with an
unprecedented attack.
Bloomberg News reported on Tuesday this week
that its journalists have viewed an internal document from the
Securities Industry and Financial Markets Association, or Simfa,
calling for the United States government to create such a council
“to stave off terrorist attacks that could trigger financial
panic by temporarily wiping out account balances” by way of
a cyberattack previously unseen on US servers.
According to Bloomberg journalist Carter Dougherty, the
unpublished Simfa draft proposes that executives and deputy-level
representatives from no fewer than eight US agencies join forces
to ensure that the banking industry can withstand a severe
cyberattack.
“We are concerned that the industry may not have the
capabilities that we would like to effectively defend against
this newer form of potential attack, the capability that we would
like to stop such an attack once commenced from spreading to
other financial institutions, or the capability we would like of
effectively recovering if an initial attack is followed by waves
of follow-on attacks,” Dougherty quotes from the document,
reportedly dated June 27.
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