In a move to bolster the cryptocurrency industry's defenses against cyber threats, the US Department of the Treasury has announced that it will be extending its cybersecurity information-sharing program to include crypto businesses. This initiative aims to provide eligible cryptocurrency firms and organizations with access to the same high-quality, actionable cybersecurity information that traditional financial institutions receive, thereby promoting a more secure digital asset ecosystem. The Treasury's Office of Cybersecurity and Critical Infrastructure Protection will be responsible for sharing this information, and interested companies are encouraged to reach out to the office to participate in the free service.
This development follows a recommendation from the President's Working Group on Digital Asset Markets, which highlighted the importance of information-sharing in mitigating cyber-attack risks. By expanding access to its cybersecurity program, the Treasury seeks to support the growth of a more responsible and secure digital asset sector, which has long been vulnerable to malicious hacks and cyber assaults. The frequency and severity of these attacks have raised concerns among US lawmakers, who are considering legislation to regulate the cryptocurrency industry and enhance its security measures.