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  • Writer's pictureAmi Kassar

AmiSight 5/17: Guarding the Cyber Economy

The collaborative effort between the federal government and Wall Street, known as Project Fortress, marks a significant step in fortifying the US financial system against cyber threats. Spearheaded by the Treasury Department, this alliance combines defensive protocols with proactive strategies to mitigate risks and deter potential attackers. Led by Treasury Secretary Janet Yellen and Deputy Secretary Wally Adeyemo, the initiative underscores the shared responsibility of both the public and private sectors in safeguarding the economic backbone of the nation. By deploying a range of tools, including a cyber hygiene tool and an automated threat feed, Project Fortress aims to bolster resilience and enhance information sharing across financial institutions of all sizes. Inspired by past incidents such as the ICBC cyberattack, this concerted effort signals a proactive approach to addressing modern-day financial vulnerabilities.

Through Project Fortress, the federal government seeks to establish a comprehensive defense framework that not only protects against cyber intrusions but also actively combats threats before they escalate. By leveraging national security tools and collaborating with law enforcement agencies, the initiative sends a clear message to adversaries that attacks on the US financial system will be met with swift and decisive action. Moreover, the engagement with bank CEOs underscores the importance of collaboration and information exchange in maintaining the integrity and stability of the financial sector. As cyber threats continue to evolve, Project Fortress stands as a proactive and dynamic response, ensuring the resilience of the US financial system in the face of emerging digital challenges.

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