U.S. Treasury Secretary Jacob J. Lew. Photo: AP.

July 16 (Bloomberg) — U.S. Treasury Secretary Jacob J. Lew urged Congress and financial companies to step up their fight against cyber threats, saying malicious acts pose a risk to national security and financial stability.

“Our laws do not do enough to foster information sharing and defend the public from digital threats,” Lew said today at the Delivering Alpha conference in New York. “We need legislation with clear rules to encourage collaboration and provide important liability protection.”

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