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/.
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Founder & President
Taproot Security, LLC
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