Washington, D.C. – The Bank Policy Institute (BPI) welcomed the Cyberspace Solarium Commission’s official report released today. The Cyberspace Solarium Commission, created by the National Defense Authorization Act, was charged with developing a strategic approach to defend the U.S. against cyberattacks. Its report included more than 75 recommendations covering areas such as government structure and organization, promoting national resilience and operationalizing collaboration with the private sector. BPI’s President and CEO, Greg Baer, released the following statement in support of the report:
The report rightly recognizes that increased public-private collaboration and information sharing is necessary to get our cyber defense capabilities where they need to be. I’m bullish that with the significant input from multiple sectors into the report’s recommendations, we will see enactment of the legislative and policy recommendations necessary to more effectively protect our critical infrastructure.
I want to thank the Commission for collaborating with the financial sector, including accepting industry input and recommendations from Chris Feeney, President of BITS and Vice Chair of the Financial Services Sector Coordinating Council, to ensure perspectives from the banking industry were included in the report. We remain committed to working with the Commission, legislators and government agencies as they work to implement these commonsense reforms.
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About the Bank Policy Institute. The Bank Policy Institute (BPI) is a nonpartisan public policy, research and advocacy group, representing the nation’s leading banks and their customers. Our members include universal banks, regional banks and the major foreign banks doing business in the United States. Collectively, they employ almost 2 million Americans, make nearly half of the nation’s small business loans, and are an engine for financial innovation and economic growth.
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