On October 31, the American Bankers Association published an infographic on cybersecurity and data breaches, which conveys banks' measures to protect customers from data breaches and illustrates how banks absorb costs and reimburse customers following data breaches. On December 2, the American Bankers Association published a letter to members of the United States Senate, encouraging the Senate to pass the Cybersecurity Information Sharing Act of 2014. This legislation is aimed at allowing financial institutions and the U.S. government to share information regarding cybersecurity threats.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
