US Treasury Expands Cybersecurity Sharing to Crypto Firms

The U.S. Department of the Treasury is opening its cybersecurity information sharing to crypto businesses, a move that could help ward off attacks in the increasingly important sector. Eligible crypto firms can sign on for the same service enjoyed by traditional financial institutions, receiving timely, actionable cybersecurity information from the Treasury's Office of Cybersecurity and Critical Infrastructure Protection. The move follows a recommendation from the President’s Working Group on Digital Asset Markets and comes as the digital assets sector continues to be plagued by malicious hacks, including a recent $280 million heist from decentralized platform Drift.

The decision to include crypto firms in the information-sharing program marks a significant step towards promoting a more secure digital asset ecosystem. By extending access to the same high-quality cybersecurity information used by traditional financial institutions, the Treasury is helping to level the playing field and reduce the risk of cyber attacks in the crypto sector.

The program is expected to be rolled out in the coming weeks, with interested companies encouraged to reach out to the Treasury's Office of Cybersecurity and Critical Infrastructure Protection to learn more about the service. As the crypto sector continues to grow and mature, the need for robust cybersecurity measures will only continue to increase, making this move a crucial step towards building a more secure and resilient digital asset ecosystem.