Menu
Banking Exchange Magazine Logo
Menu

FS-ISAC to share threat data through Fed

Offers community banks access to security information through district banks

  • |
  • Written by  Website Staff
  • |
  • Comments:   DISQUS_COMMENTS
FS-ISAC to share threat data through Fed

The Financial Services Information Sharing and Analysis Center entered into an arrangement with the Federal Reserve Banks to provide direct access to FS-ISAC security threat information to over 10,000 of their financial institution customers.

Under the terms of the agreement, FS-ISAC will allow Federal Reserve Banks to provide their customers with access to the Weekly Risk Summary. The report provides a high-level summary of significant security threats, identifies the risk to community institutions, and suggests actions that these organizations can take to remediate the risks.

“Over the past 18 months, FS-ISAC has made a substantial investment in staff, programs, and services designed specifically for community institutions. Some of these include our Community Institution Council, Payments Risk Council, Broker Dealer Council, risk reports, crisis playbooks, simulation exercises, workshops, and of course the platforms and processes to enable member to member information sharing,” says Bill Nelson, president and CEO, FS-ISAC. “This arrangement with the Federal Reserve Banks broadens the reach of FS-ISAC.”

The FS-ISAC announcement indicated further details of the arrangement will be provided soon.

The Financial Services Information Sharing and Analysis Center (FS-ISAC) is a nonprofit corporation established in 1999 and funded by its member firms. The FS-ISAC is a member-driven organization whose mission is to help assure the resilience and continuity of the global financial services infrastructure and individual firms against acts that could significantly impact the sector’s ability to provide services critical to the orderly function of the global economy.

The FS-ISAC shares threat and vulnerability information, conducts coordinated contingency planning exercises, manages rapid response communications for both cyber and physical events, conducts education and training programs, and fosters collaborations with and among other key sectors and government agencies.

back to top

Sections

About Us

Connect With Us

Resources

Webinar: From KYC to IDV

How three leading banks are utilizing cutting-edge
digital tools to onboard, win, and wow customers

Time/Date: June 23, 2021 11:00 a.m. ET

Digital adoption, already moving at warp speed, accelerated seven years into the future during the COVID-19 pandemic. As the number of bank branches continues to fall, with at least one study predicting all branches will disappear by 2034 (Fox Business) and foot traffic declining (Vox), today’s most innovative banks are charting a new, digital-first path to win over customers while increasing security, meeting KYC compliance requirements, and winning customers to drive revenue.

In this webinar, you’ll hear from John Baird, Founder & CEO of Vouched, Tyler Crawford, COO of Bankers Healthcare Group, Anand Sathiyamurthy, CPO of Flagstar Bank and Daniel Sheehan, Chairman & CEO of Professional Bank as they describe their vision for digital transformation and how customer expectations are changing to digital first. They’ll also explore how fostering an innovation mindset creates new ways to tackle complex KYC problems and allows them to quickly compete in new markets and win customers.

REGISTER NOW!

This webinar is brought to you by:
Vouched Logo