Several U.S. and British government and financial services industry representatives held a tabletop exercise Thursday as they seek to create a shared understanding of cybersecurity incident response, data sharing and public communication issues.
The Treasury Department said Thursday the joint U.S.-U.K. meeting was part of a translantic effort in cyberspace and aimed to gather ideas on how both countries can manage threats to their financial services industries.
“In our increasingly interconnected world, cyber criminals do not respect national borders and they target government, private industry and individual citizens alike,” said Treasury Secretary Jack Lew.
“Today’s exercise with our U.K. partners is an important step to ensure that we are doing all we can to share threat information, adopt best practices and support our collective resiliency,” Lew added.
The initiative also reflects efforts of U.S. and British governments to cooperate and protect an interconnected financial system, according to the Treasury.