From: E&E Publishing
First in a series.
The Citadel cybercrime connection, which has raided bank accounts around the world, was hit hard last year by a team of software firms and a sophisticated financial services organization that is deploying automated systems to share, analyze and block cybersecurity threats in tandem with the Department of Homeland Security.
The Financial Services Information Sharing and Analysis Center (FS-ISAC), formed by the finance sector under a 1999 presidential directive, is the most advanced threat intelligence partnership between critical infrastructure industries and DHS, said Richard Struse, the department’s advanced cybersecurity technology chief.
“What we’re seeing is, the financial services sector is out in front because they got engaged early, and frankly, they’ve put [in] significant resources” to create state-of-the-art detection and defense capacity, Struse said in an interview.
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