The U.S. Department of the Treasury announced it will now provide timely cybersecurity threat information to eligible cryptocurrency firms. This initiative mirrors the security intelligence sharing already offered to traditional financial institutions, aiming to enhance the protection of the digital asset ecosystem.
The move follows a recommendation from the President’s Working Group on Digital Asset Markets. "By extending access to the same high-quality cybersecurity information used by traditional financial institutions, Treasury is helping promote a more secure and responsible digital asset ecosystem," stated Luke Pettit, assistant secretary for financial institutions.
The digital asset sector has historically faced significant cyber threats, with billions of dollars in assets stolen annually, often by nation-state-sponsored hacker groups. This expansion of threat intelligence sharing is intended to help crypto businesses better defend against exploits and secure their operations.