Trade Groups Weigh In on CISA Amendments

ABA, the Financial Services Roundtable and SIFMA sent a joint letter to Senate leaders today urging passage of the Cybersecurity Information Sharing Act and defeat of any amendments that would undermine the legislation’s goals.

The groups specifically flagged as problematic amendments that would remove protections from public disclosure for information shared under CISA, create ambiguities in the definition of what constitutes a cyber threat and sunset authorizations and incentives for threat information sharing after only six years.

“The threat of cyber-attacks is a real and omnipresent danger to the financial services sector, our members’ customers and clients and to critical infrastructure providers upon which we and the nation as a whole rely,” the groups said in urging the leaders to enact CISA.