Adeyemo told members of the Bank Policy Institute’s Technology Policy Division that it was important for the federal government and financial institutions to work together to share information and stay ahead of “engaged adversaries”. .
He also underscored “the Treasury’s commitment to sharing appropriate intelligence and fostering ongoing, real-time dialogue with financial institutions about threats as they arise,” the Treasury said in a statement.
No details on the nature of the cyber threats were immediately available.
Wednesday’s meeting was the Treasury’s third with the group since late last year, a Treasury official said, adding that the financial sector was ahead of most other sectors in terms of working with the government on cyber threats.
Other Western powers have also seen an increase in cyberattacks against financial institutions since the start of the war.
BaFin, Germany’s financial regulator, issued a new cybersecurity warning to the country’s financial sector last month following a recent increase in cyberattacks.
Russia’s February 24 invasion of Ukraine, which Moscow describes as a special military operation, has led to a serious deterioration in its relations with the West. Moscow denies Western accusations of involvement in cyberattacks.