Financial Industry Needs Government Supoport with Security, Not Regulation

Regulation is not the answer. That’s what the CISO of Regions Bank, Michele B. Cantley repeatedly responded with when asked what the government can do to improve the financial sector’s current security climate in a hearing hosted by the House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises this morning.

Information leak Web site Wikileaks put out a call for volunteers willing to help the organization host its controversial documents. Claiming that the site was “under heavy attack,” Wikileaks posted an appeal on its Web site looking for individuals willing to help mirror the contents of Wikileaks now infamous Cablegate documents on a physical or virtual server. Within hours the site’s content was being mirrored at over 500 locations, according to a list provided by Wikileaks.

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