Summary
- The US Treasury Department has launched a cybersecurity information-sharing initiative for the crypto industry.
- Companies that meet Treasury standards will be able to receive the same level of cybersecurity information as existing financial institutions.
- The market is focusing on how the move aligns with the crypto industry’s push toward mainstream integration and tighter security standards.
Forecast Trend Report by Period
The US Treasury Department has launched a cybersecurity information-sharing initiative for the crypto industry to bolster the sector’s overall security response.
On April 9, the Office of Cybersecurity and Critical Infrastructure Protection, a Treasury unit, began a program that provides cyber threat intelligence to qualified crypto companies and organizations, according to media reports.
The initiative is intended to deliver timely, actionable security information to help companies identify, prevent and respond to attacks targeting customers and networks.
Companies that meet Treasury standards will be able to receive the same level of cybersecurity information provided to traditional financial institutions. That could help raise the crypto industry’s security framework closer to the standards used in conventional finance.
The move is drawing attention in the market because it coincides with broader efforts to bring the crypto industry further into the regulatory mainstream and strengthen security standards. The scope of participation and how the program is operated are seen as key variables going forward.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
