IBM promotes cyber threat intelligence sharing among financial firms

Nurdianah Md Nur

IBM has enabled members of the Financial Services Information Sharing and Analysis Center (FS-ISAC) to access its advanced cyber threat research and analysis directly from IBM's X-Force Exchange.

Announced at Sibos 2015 Singapore, the move is in line with IBM's efforts to increase collaboration and global sharing of cyber threat intelligence across industries.

FS-ISAC is a global non-profit organisation with more than 6,500 financial services institutions as its members. It is hoped that the partnership with IBM will enable FS-ISAC to "better utilise data and analytics to further automate information sharing with its members," said Kris Herrin, FS-ISAC's Senior Vice President of Global Business Services.

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. This will help reduce the time taken to analyse and take the appropriate actions on cyber threats, said IBM.

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