​ABA Welcomes Congressional Actions on Cybersecurity

ABA is strongly encouraging Congress to move ahead with bills that will enhance America’s cybersecurity. ABA President and CEO Frank Keating wrote to every senator yesterday urging them to support the Cybersecurity Information Sharing Act — recently passed by the Senate Intelligence Committee in a 14-1 vote — when it comes to the floor as expected this month.

Keating also commended the House Homeland Security Committee for unanimously passing the National Cybersecurity Protection Advancement Act yesterday. “We are encouraged that both the House Homeland Security and Intelligence Committees are moving their respective cybersecurity bills forward, and we stand ready to work with both committees as the House prepares to bring them to the floor as soon as next week.”

“Cybersecurity is a top priority for the financial services industry, and the Senate and House bills would help protect America’s cybersecurity infrastructure against current and future threats,” Keating added. “Banks invest hundreds of millions of dollars every year to put in place multiple layers of security to protect sensitive data. Protecting customers is our top priority.”