In “Protecting the Financial System Against the Coming Cyber Storms” (The Hill, 18 May 2020), Juan Zarate, global co-managing partner of K2 Intelligence Financial Integrity Network, highlights why moving the Secret Service back to the Treasury Department is important in the wake of the COVID-19 pandemic.
According to Juan, the financial sector is currently facing unprecedented challenges due to the virus. Banks had to adapt quickly to employees working from home, customers transitioning to digital financial services, growing stimulus programs, and the growing prominence of cryptocurrencies in the financial system. “Most people don’t know that the Secret Service’s mission is not only focused on protecting the nation’s leadership but protecting the integrity of our financial system, namely through its cyber-enabled financial and counterfeiting investigations. Leveraging the Secret Service’s capabilities more effectively will be important in the coming months and years.”
Read more in The Hill.