Pub. 18 2021 Issue 4

Issue 4 • 2021 25 since the program’s inception. ABA member banks that purchase their directors and officers, bond, cyber and related insurance from this program are eligible to receive a distribution. J.P. Morgan International Council Releases Latest Repor t The J.P. Morgan International Council, which was founded in 1967 and whose members include CEOs and policy leaders from across the globe, released its latest report Safeguarding Business and National Infrastructure, which outlines how government and business can better work together to confront cybersecurity challenges. Key takeaways from the report include: • Strengthening cybersecurity is an increasingly urgent challenge for business and political leaders alike, one that requires fresh thinking and sustained attention from all levels of government and society. • Council members recognized the enormous amount of work underway in both the U.S. Congress and the Biden Administration to tackle this massive challenge. • The Council also saw opportunities to amplify these efforts while pointing to new areas for public policy action: 1. Strengthening collaboration between the public and private sectors by: • Boosting the capacity of government and business • Sharing timely information • Promoting accountability 2. Turning policy into law by: • Passing legislation to codify key provisions of E.O.s enacted under current and prior administrations 3. Elevating international cyber diplomacy by: • Intensifying diplomatic efforts among like- minded countries to enhance intelligence sharing • Encouraging public-private collaboration at the international level • Defining and enforcing norms of cyber behavior n BANK NEWS ARE YOU REALLY AS TOP OF MIND WITH YOUR CUSTOMERS AS YOU THINK YOU ARE? DON’T JUST THINK IT, ADVERTISE IN THIS PUBLICATION AND KNOW IT! 801.676.9722 | 855.747.4003 | sales@thenewslinkgroup.com