Business Trend. Banks Fight Cyber Crime. 3 Keys to Informed Intel.

Which banks are invloved? The 8 largest banks are joining forces. This includes Bank of America, JP Morgan, and Goldman Sachs.

What will the 8 banks do to protect against cuber crime? Share intel and conduct war games to improve data security.

Why did they form? The large banks issues are similar unlike the data security efforts among all financial institutions and the large banks share information with the federal governmet but believe they get little information in return.

Wall Street Journal | Big Banks Team Up to Fight Cyber Crime