IBM Security Helping Financial Services - Sharing Intelligence On Global Threats

IBM announced during SIBOS 2015 in Singapore it is working with the financial services industry to further enhance efforts to increase collaboration and worldwide sharing of cyber threat intelligence across industries and organizations.

Members of the Financial Services Information Sharing and Analysis Center (FS-ISAC), a member-owned non-profit organization serving the financial services sector, will have access to advanced cyber threat research and analysis directly from IBM X-Force® Exchange.

FS-ISAC global membership has rapidly grown to more than 6,500 financial services institutions. FS-ISAC is also supporting other industry sharing organizations including ISACs and ISAOs such as the Oil & Natural Gas sector (ONG-ISAC), Retail Sector (R-CISC), Legal Services sector (LS-ISAO) and others.

“FS-ISAC has experienced tremendous membership growth all over the world, and we are seeing cross-border and cross-sector sharing ramp up substantially,” said Kris Herrin, senior vice president global business services, FS-ISAC. “We are constantly looking for high value solutions and services to offer our members and our work with IBM Security will help us better utilize data and analytics to further automate information sharing with our global members.”

IBM also announced its support of Soltra Edge™, the cyber threat intelligence sharing solution created by Soltra™, a joint venture between The Depository Trust & Clearing Corporation (DTCC) and FS-ISAC. IBM Security Services will support users of Soltra Edge within their own security operations environments while providing integration with the user’s own cybersecurity tools, turning hours of manual cyber threat processing into seconds of instant analysis and action.

“Defending against today's cyber threats and attacks takes the collaboration of many industries working together,” said Mark Clancy, CEO Soltra. “We see Soltra Edge as a pivotal part of a community’s defense efforts and IBM’s support will help activate these defenses across a broader community of firms in multiple sectors.”

Today IBM has the world’s largest security services team, with more than 6,000 skilled security services professionals and a network of 11 Security Operations Centers (SOCs) located in the United States, Poland, Japan, Brazil, Belgium, India, Costa Rica and Australia.  IBM manages and monitors more than 15 billion security events every day for more than 4,000 clients globally.

 

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