FIS joins Microsoft's cybersecurity alliance
13 February 2014 | 2487 views | 0
Underscoring its commitment to deliver information security excellence, FIS™ (NYSE: FIS), the world's largest provider of banking and payments technology, announces its selection by Microsoft as a partner in the fight against cybercrime. The global companies signed a partnership agreement today at Microsoft's Cybercrime Enforcement Summit in Redmond, Wash.
Under the agreement, FIS representatives will work hand-in-hand with forensic analysts, software developers and researchers at the Microsoft Cybercrime Center, which opened in November 2013. The partnership goal is to increase cooperative action between international law enforcement and private industry in order to help continuously improve the security of payments and financial transactions worldwide and make the Internet a safer place to do business.
"FIS has a leading role in setting and maintaining security standards for the financial services industry worldwide," said Greg Montana, EVP and chief risk officer, FIS. "Cybersecurity has no end state and we embrace the opportunity to work collaboratively with industry leaders such as Microsoft to continually advance and further strengthen the banking and payments industry for financial institutions and their customers across the globe."
"We're pleased to tap into FIS' cybersecurity expertise in our joint efforts to fight cybercrime," said David Finn, executive director and associate general counsel, Microsoft Cybercrime Center. "We think their experience and knowledge will be invaluable as we work together to detect, pursue, and dismantle criminal organizations around the world."
This is the latest in a series of industry-leading cybersecurity partnerships for FIS. The company recently reached an agreement with the Department of Homeland Security (DHS) as a cybersecurity research partner. FIS representatives will work with DHS's National Cybersecurity and Communications Integration Center (NCCIC), a 24x7 cyber monitoring, incident response, and management center, through which DHS actively collaborates and shares information with federal partners and the private sector every day in the face of constantly evolving threats to the nation's critical infrastructure and communications networks. FIS also is a member of the Financial Services Information Sharing and Analysis Center (FS-ISAC).