The Business Roundtable urged software producers and end-users to build a more unified defence against malicious attacks from hackers.
"Our hope is to not only challenge CEOs and industry leaders to step up their cyber security practices, but also to give them workable recommendations so they make positive changes now," said John J. Castellani, president of Business Roundtable. "We are reaching out to other industry groups, and also are making the case for shared responsibility in advertisements both inside the Beltway and across the nation."
Cyber attacks cost the U.S. financial sector almost $1 billion last year, according to BITS, a non-profit financial services industry consortium.
The Roundtable called for CEOs to communicate better IT security and business continuity plans to their staff
The Roundtable is an association of 150 chief executives representing all business sectors.