Financial Services Financial Services

US Treasury failing to track cyber-defense efforts or set financial-sector priorities, GAO says

By Neil Roland
  • 18 Sep 2020 16:00
  • 18 Sep 2020 16:00
The US Treasury Department, which is responsible for coordinating cyber defenses in the financial sector, is failing to track efforts among banks, mutual funds and insurers — leaving the sector potentially exposed to increasing threats, a congressional watchdog said.
The department under Secretary Steven Mnuchin also hasn’t set priorities for the

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Neil Roland

Senior Correspondent

Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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