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 FS-ISAC said in a statement.
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The FSARC is the result of a meeting this year involving the six biggest U.S. Banks plus custody banks State Street (SBAZ) and Bank of New York Mellon (BK), the FS-ISAC said. The FS-ISAC has more than 7,000 industry members.