'ABA, along with the Bank Policy Institute, FSSCC
and a coalition of other trades, rose to the challenge of developing this tool to help harmonize the industry's approach to cybersecurity.
Partnership for Cybersecurity The Obama Administration released a Innovation Memorandum of Understanding signed by the National Institute of Standards and Technology (NIST) of the http://www.whitehouse.gov/ Department of Commerce, the Science blog/2010/12/06/partners and Technology Directorate of the hip-cybersecurity-innovation Department of Homeland Security (DHS/ S&T), and the Financial Services Sector Coordinating Council (FSSCC
Partnership for Cybersecurity l0 The Obama Administration Innovation released a Memorandum of Understanding signed by http://www.whitehouse.gov/blog/ the National Institute of 20l0/l2/06/partnership- Standards and Technology cybersecurity-innovation (NIST) of the Department of Commerce, the Science and Technology Directorate of the Department of Homeland Security (DHS/S&T), and the Financial Services Sector Coordinating Council (FSSCC
Financial organizations such as the American Bankers Association and the New York Stock Exchange have created the Financial Services Sector Coordinating Council for Critical Infrastructure Protection and Homeland Security (FSSCC), which has examined this problem from the perspective of banks and bank regulators, including compliance with the new proposed risk-based capital standards known as Basel II.
In October 2007, FSSCC, Treasury, DHS, and the Securities Industry and Financial Management Association (SIFMA) simulated an influenza pandemic with absenteeism rates reaching 49%.7 The goals of the exercise were to (1) enhance industry understanding of system risks from flu; (2) provide an opportunity to test plans for a flu pandemic; and (3) study how a flu pandemic would affect the financial structure.
Organizations representing financial entities have created the Financial Services Sector Coordinating Council for Critical Infrastructure Protection and Homeland Security, called FSSCC for short.
Formed in 2003 when Chicago's financial institutions decided that after September 11 they were as vulnerable as those in New York, it includes many members of FSSCC listed above and Illinois governments.
In the communications arena, FSSCC member organizations have developed contact procedures to coordinate industry members and governmental bodies during emergencies, and merged these connections into a common database.