The Securities Industry and Financial Markets Association has called for greater coordination among financial firms and regulators in preventing and responding to cyber-attacks in light of recent security breaches at banks and other businesses.  In a paper issued last month, SIFMA proposed several ways for the government to better support businesses’ cybersecurity efforts, including streamlining regulations to avoid overlap and unnecessary multiple audits, creating an interagency harmonization working group to review cybersecurity regulations and obtain industry input, establishing flexible standards for protective measures based on firms’ size and available resources, and creating a real-time cybersecurity information-sharing network, with privacy protections for businesses and restrictions on the government’s use of information for unrelated purposes or other regulatory activities.  SIFMA has also issued its own cybersecurity framework that "applies the NIST Cybersecurity Framework within the financial sector context."