FOR IMMEDIATE RELEASE:

 

Taproot Security Comments on “Too Big to Fail”

Asks Federal Reserve Bank to consider cyber security consequences

 

Saint Paul, MN, February 19, 2016 – Taproot Security president Michael McCormick submitted a comment letter to the Federal Reserve Bank of Minneapolis regarding proposals to address so-called “too big to fail” financial institutions.  Remedies that involve restructuring the financial sector have consequences for cyber security that should be considered.  Mr. McCormick stressed the role these institutions play as national critical infrastructure.  Institutions deemed “too big to fail” may also be “too critical to break up” in their current form.

 

The full text of Mr. McCormick’s letter is publicly available here .

 

About Taproot Security

 

Taproot Security is an information security consulting firm advising industry and government on cyber issues and policy. For more information, please visit http://www.taprootsecurity.com/.

 

Contact

 

To learn more about this announcement, please contact

Michael McCormick

Founder & President

Taproot Security, LLC

mike@taprootsecurity.com

 

- END -

© 2019 Taproot Security

This site uses cookies for security.

Our cookies do not store personal information.