Cyber technology gap divides financial and energy sectors
The Citadel cybercrime connection, which has raided bank accounts around the world, was hit hard last year by a team of software firms and a sophisticated financial services organization that is deploying automated systems to share, analyze and block cybersecurity threats in tandem with the Department of Homeland Security. The Financial Services Information Sharing and Analysis Center (FS-ISAC) was formed by the finance sector under a 1999 presidential directive. The electric power industry has a related threat-sharing organization, the Electricity Sector Information Sharing and Analysis Center (ES-ISAC), set up under the same presidential directive. However, ES-ISAC currently does not match the analysis capabilities and future potential of the Financial Sector ISAC, energy sector and government officials agree.