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Technology/Internet

Introducing the 'Financial Systemic Analysis & Resilience Center '

October 24, 2016

The Financial Services Information Sharing and Analysis Center (FS-ISAC), an influential U.S. financial industry group, said on Monday it had formed a unit to enhance collaboration among its members and the U.S. government as a way to help reduce cyber security threats to the financial system.

 

The new unit, known as the Financial Systemic Analysis & Resilience Center (FSARC), will proactively identify, analyze, and coordinate activities using more sophisticated techniques.  The FSARC is the result of a meeting this year involving the 6 biggest U.S. banks plus custody banks State Street and BNY Mellon, the FS-ISAC said. The FS-ISAC has more than 7,000 industry members.