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Financial firms collaborate to defend against cyber-threats

Tim Ryan | February 21, 2018

Following a successful cyber-security simulation exercise between public and private sectors, called the “Hamilton Series,” industry leaders set out to conduct exercises led by the Financial Services Sector Coordinating Council, in coordination with the U.S. Treasury Department and with support from the Financial Services Information Sharing and Analysis Center.  Based on lessons learned from the Hamilton Series, Sheltered Harbor was created.

Sheltered Harbor is a voluntary initiative providing financial institutions and their customers with an additional layer of protection in the event of a damaging cyber-attack. From the smallest to the largest institutions, Sheltered Harbor members collectively represent much of the retail banking and brokerage accounts in the United States.

Resiliency standards established by Sheltered Harbor ensure that customers receive timely access to their accounts if their bank or brokerage firm...

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