On November 17, 2015, US Deputy Secretary of the Treasury, Sarah Bloom Raskin, delivered a speech at The Clearing House annual conference discussing cybersecurity and resiliency in the financial services sector. Raskin emphasized the need for greater cooperation among financial sectors and governments globally in order to mitigate cybersecurity threats. She also stressed the importance of financial institutions embedding cybersecurity into their risk management and control procedures, practicing basic "cyber hygiene" by bolstering the resiliency of computer systems and preparing a recovery playbook for significant cyber incidents.

The speech is available at: http://www.treasury.gov/press-center/press-releases/Pages/jl0276.aspx.

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.