<p><span>The National Institute of Standards and Technology recently released a </span><a data-feathr-click-track="true" href="https://csrc.nist.gov/publications/detail/nistir/8389/draft">draft report</a><span> on cybersecurity considerations for open banking. While the NIST report rightly identifies the importance of cybersecurity and privacy safeguards when it comes to how companies share sensitive financial data about customers, it offers a wholly incomplete picture of the current consumer financial data-sharing ecosystem in the U.S., BPI, ABA and SIFMA said in a </span><a data-feathr-click-track="true" href="https://www.sifma.org/resources/submissions/joint-response-on-cybersecurity-considerations-for-open-banking-technology/">comment letter</a><span> filed today. The draft report also endorses open banking without examining potential risks or reco