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G7 Nations Set Cybersecurity Guidelines for Financial Sector

The Group of Seven industrial powers today announced an agreement on guidelines aimed at protecting global financial sector from cyberattacks amidst a series of cross-border bank thefts by hackers. Jason Lange from Washington reporting in Reuters: "The guidelines released on Tuesday instruct governments to ensure that they police their own cyber-security readiness as well as that of companies they regulate, and that public and private institutions continually update their defenses. ... The goal of the guidelines was also to get firms and regulators across the world to approach risks the same way, according to the Treasury official." The G7 comprises Britain, Canada, France, Germany, Italy, Japan and the United States.

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