Cyber security expert issues call to modernise Patriot Act

OpRisk North America: current policies make it difficult to share information on cyber attacks

Privacy rules make it harder to prevent cyber attacks

Restrictions on data sharing in the USA Patriot Act and at the Financial Services Information Sharing and Analysis Center are hindering efforts to combat cyber attacks, the leader of a cyber crimes unit at Wells Fargo has said.

FS-ISAC is an industry-run initiative that allows financial firms to anonymously exchange information on cyber threats. Banks can also share data about money laundering and terrorist activities under Section 314(b) of the Patriot Act, which provides a safe harbour from l