Financial Companies Sharing Information About Security

Concerns about cyberthreats drive competing institutions to pool information, report says

Banks and financial institutions are developing new ways to share security information in order to improve their defenses, according to news reports.
According to The Wall Street Journal,
banks are working together to share cybersecurity information
.
This month, security officials from Morgan Stanley, Goldman Sachs Group Inc., and others are expected to meet with researchers from the Polytechnic Institute of New York University to discuss the creation of a new type of center that would sift through bank security data and logs to detect potential attacks, the WSJ said.
Bank of America Corp. also has begun hosting experts from other major banks at quarterly informal roundtables, in which the rivals try to devise solutions to cybersecurity threats, according to WSJ sources.
Both initiatives are designed to encourage banks to work together to better protect against hackers, the report said.
At the NYU-Poly meeting, some bank officials were expected to argue that banks should scour their own data internally, rather than provide information to outside researchers.
Representatives for Morgan Stanley and Goldman Sachs declined to comment.
Have a comment on this story? Please click Comment below. If youd like to contact
Dark Readings
editors directly,
send us a message
.

Last News
▸ Scan suggests Heartbleed patches may not have been successful. ◂ Discovered: 23/12/2024 Category: security	▸ IoT Devices on Average Have 25 Vulnerabilities ◂ Discovered: 23/12/2024 Category: security	▸ DHS-funded SWAMP scans code for bugs. ◂ Discovered: 23/12/2024 Category: security

**Cyber Security Categories**
Google Dorks Database	Exploits Vulnerability	Exploit Shellcodes

CVE List

Tools/Apps

News/Aarticles

Phishing Database

Deepfake Detection

Trends/Statistics & Live Infos

Tags:
Financial Companies Sharing Information About Security