As COVID-19 has the financial system more internet-dependent than ever, Congress is worried that the United States’ cyber defenses are not up to the current challenge.
In a May 28 virtual roundtable before the congressional Subcommittee on National Security, International Development and Monetary Policy, witnesses and congresspeople alike feared that they are not keeping up with criminals hacking the financial system.
Criminals have better resumes than government agents
One witness, Guillermo Christensen, a partner at law firm Ice Miller, admired the cyber talent operating illegally:
“We are always playing catch up with the criminals.