On March 25, Department of the Treasury’s Deputy Secretary Raskin delivered remarks regarding the agency’s efforts to enhance cybersecurity as the number of cyber-attacks continue to increase. Raskin outlined three specific areas where financial institutions can better prepare for cyber threats and enhance “cyber resilience” in the event of a cyberattack: (i) increase information sharing among financial institutions, thereby making this a priority for the financial sector worldwide; (ii) ensure that safeguards are in place for all third-party vendors with access to the financial institution’s data and systems; and (iii) design a cyber-preparedness “playbook” that has a “detailed, documented plan so that the firm can react quickly to minimize internal and external damage, reduce recovery and time costs, and instill confidence in outside stakeholders and the public.”