The award will go towards providing its industry members with secure collaboration, additional data feeds regarding threats and vulnerabilities, alert confirmation, new analytical capabilities, and performance metrics.
“Our research convinced us that the FS/ISAC must make significant investments to upgrade its technological infrastructure if it is to serve the entire sector and deliver a product that would elicit ongoing, private-sector support,” remarked Brian Roseboro, Acting Under Secretary of the Treasury for Domestic Finance.
The FSSCC’s membership consists of trade associations, institutes and utilities in the banking world, rather than the individual banks themselves.
Acting on their members’ behalf, the FSSCC representatives will help to coordinate sector-wide initiatives in specific market segments within financial services.
The FSSCC may also prove to be a important conduit for coordinating comments on statutes published for comment by the Department of Homeland Security, taking a broad, industry-wide perspective.
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