The US Treasury Department has awarded the financial services information sharing and analysis centre (FS/ISAC) $2 million to help member firms protect against physical and computer security threats.
FS/ISAC says the funds from the US Treasury will help it to develop services that provide subscriber members with secure collaboration, additional feeds for threats and vulnerabilities, alert confirmation and new analytical capabilities.
By 2005, the not-for-profit Centre aims to be able to deliver urgent and crisis alerts to 99% of its 25,000 financial services members within one hour of notification.