“Government and industry action against cyber attacks isn’t moving fast enough for Wall Street. Now banks are proposing a cyber war council to defend against future threats to their data.

According to a Bloomberg report, the Securities Industry and Financial Markets Association (Sifma) has submitted a proposal for a committee of executives to protect banks from cyber terrorism. The group would work on active defense strategies and speedy communication between agencies and the private sector, if an attack were to occur.

The members would come from the Treasury Department, the National Security Agency, the Department of Homeland Security, and other U.S. agencies. Already on board to help facilitate these efforts are former NSA director Keith Alexander and former U.S. Secretary of Homeland Security Michael Chertoff.”* The Young Turks host Cenk Uygur breaks it down.

*Read more here from Stephanie Yang / Business Insider:
http://www.businessinsider.com/wall-s…