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Treasury launches cybersecurity information-sharing initiative for digital asset industry | Orrick, Herrington & Sutcliffe LLP


On April 9, Treasury’s Office of Cybersecurity and Critical Infrastructure Protection announced a new initiative to strengthen cybersecurity across the digital asset industry. Treasury said the initiative will provide timely, actionable cybersecurity information to eligible U.S. digital asset firms and industry organizations at no cost to help them identify, prevent and respond to cyber threats targeting their customers and networks. According to the announcement, the initiative will provide digital asset firms access to the same cybersecurity information Treasury has regularly shared with traditional U.S. financial institutions. Treasury stated the effort responds to a “rapidly evolving threat environment,” citing growing frequency and sophistication of cyber threats targeting digital asset platforms, and advances a key recommendation from the President’s Working Group on Digital Asset Markets report (covered by InfoBytes here).

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