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Lew: Financial Firms Need to Be More Vigilant on Cyber Attacks

Treasury Secretary Jack Lew on Wednesday will urge American financial firms to do more to protect themselves from cyber attacks, according to excerpts of his remarks released by the Treasury Department.

“Far too many hedge funds, asset managers, insurance providers, exchanges, financial market utilities, and banks should and could be doing more,” Lew will say in remarks at the 2014 Delivering Alpha Conference hosted by CNBC and Institutional Investor Wednesday.

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