A Singapore-based Intelligence Centre focusing on cybersecurity information within the financial services sector, is expected to begin operations in the first half of 2017.
In an effort to strengthen the APAC cybersecurity ecosystem, the Financial Services Information Sharing and Analysis Center (FS-ISAC) and the Monetary Authority of Singapore (MAS) have announced a collaboration to establish an Asia Pacific (APAC) Regional Intelligence and Analysis Centre to encourage regional sharing and analysis of cybersecurity information within the financial services sector.
The centre will employ local analysts who will monitor cyber threats to member financial institutions in the region, and provide analysis as well as recommend courses of action to mitigate those threats.
Building Collective Cyber Resilience
In addition to running the Intelligence Centre, FS-ISAC will increase its efforts to coordinate and host regional events, cybersecurity trainings and exercises targeted at the financial industry in the APAC region to help uplift the cybersecurity knowledge and skills.
The Financial Services Information Sharing and Analysis Center (FS-ISAC) is a non-profit corporation that was established in 1999 and is funded by its 7,000 member firms located in 72 countries.
«In view of the increasing interconnectedness of financial services sector, sharing of timely and actionable cyber information between financial institutions is essential in building collective cyber resilience within the financial ecosystem,» said Sopnendu Mohanty, Chief Fintech Officer, MAS.
