Eight of the largest U.S. banks, including J.P. Morgan, Bank of America and Goldman Sachs, are forming a group that seeks to tackle the growing cyber threat through more efficient information sharing.
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Big US Banks Team Up to Fight Cyber Crime
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Eight of the largest U.S. banks are forming a group that seeks to tackle the growing cyberthreat. It includes J.P. Morgan Chase & Co., Bank of America Corp. and Goldman Sachs Group Inc., among others. While still in its early stages, the big banks expect the group members will share more information with each other about threats, prepare comprehensive responses for when attacks occur and conduct war games designed for the issues facing the biggest institutions.
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