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PRESS RELEASE

FOR IMMEDIATE RELEASE
Elise Brooks, (202) 589-2427

Roundtable and BITS Support International Cybercrime Reporting and Cooperation Act

Washington, D.C.—March 23, 2010—The Financial Services Roundtable and BITS supports the International Cybercrime Reporting and Cooperation Act, introduced today to enhance America’s leadership and cooperation on a global front in combating cybercrime.

“The international diligence and collaboration that Senators Gillibrand and Hatch are calling for are critical elements of cybersecurity protection,” said Leigh Williams, President for BITS. “We support these efforts to protect U.S. companies and consumers, and we look forward to working with the Senators and their colleagues on the details.”

“We live in a global economy and efforts to combat cybercrime are crucial to sustaining that economy” said Steve Bartlett, President and CEO for the Roundtable. “The Roundtable applauds Senators Gillibrand and Hatch for introducing S. 3155 and bringing this important issue into focus.”

BITS is the technology policy division of The Financial Services Roundtable, created to foster the growth and development of electronic financial services and e-commerce for the benefit of financial institutions and their customers. BITS focuses on strategic issues where industry cooperation serves the public good, such as critical infrastructure protection, fraud prevention, and the safety of financial services by leveraging intellectual capital to address emerging issues at the intersection of financial services, operations and technology. BITS’ efforts involve representatives from throughout our member institutions, including CEOs, CIOs, CISOs, and fraud, compliance and vendor management specialists. For more information, go to http://www.bits.org/.

The Financial Services Roundtable represents 100 of the largest integrated financial services companies providing banking, insurance, and investment products and services to the American consumer. Member companies participate through the Chief Executive Officer and other senior executives nominated by the CEO.

Roundtable member companies provide fuel for America's economic engine, accounting directly for $74.7 trillion in managed assets, $1.1 trillion in revenue, and 2.3 million jobs.

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