The Treasury Department is investing $2 million to upgrade its Financial Services Information Sharing and Analysis Center to protect banks and the financial industry from cyberthreats. Treasury will also provide a liaison between the Homeland Security Department and the financial sector beginning next week, Treasury Secretary John Snow said yesterday. The financial center has a secure database, analytical tools, and data gathering and distribution capabilities that let authorized individuals submit information—either anonymously or by name—about security threats. The center currently has Science Applications International Corp. of San Diego as its systems contractor. “This next-generation FS-ISAC will help the financial sector better prepare to face the new physical threats that we have confronted since the attacks of Sept. 11, 2001, as well as the increasing speed and maliciousness of cyberattacks,” Snow said. Full Story
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