Dimon Sees JPMorgan Cyber-Security Costs Doubling

The transcript discusses Blackstone's plan to create a new public entity with DOT partners to reduce conflicts of interest. Fortress Investment is looking to raise $4.3 billion to invest in distressed credit globally. JP Morgan CEO Jamie Dimon plans to double the bank's cybersecurity budget over five years, emphasizing the need for government collaboration to combat cybercrime.

What does Mr. Dimon suggest is needed to combat cyber crime?

How does Mr. Dimon describe the relationship between the industry and the government?