Banking and Finance ppt

Banking and Finance Critical Infrastructure and Key Resources Sector-Specific Plan as input to the National Infrastructure Protection Plan May 2007 [...]... to reduce vulnerabilities and share information The Banking and Finance SSP is part of the overall National Infrastructure Protection Plan (NIPP) As such, the Banking and Finance SSP conforms to the guidance provided by Department of Homeland Security so that the Banking and Finance SSP may be included in the NIPP The NIPP provides the structure for integration of this SSP and the SSPs of the other... economic system Vision Statement for the Banking and Finance Sector To continue to improve the resilience and availability of financial services, the Banking and Finance Sector will work through its public-private partnership to address the evolving nature of threats and the risks posed by the sector’s dependency upon other critical sectors Sector Profile and Goals  The Banking and Finance Sector has three primary goals to achieve this vision statement... assessments are a long-standing practice within the Banking and Finance Sector and accepted by both the regulators and the private sector The Treasury Department and the FBIIC agencies meet continually with financial institutions to determine whether any new assets are critical to the operations of the sector and thus require special attention regarding potential vulnerabilities The Banking and Finance Sector... information sharing, www.whitehouse.gov/pcipb 6 Banking and Finance Sector-Specific Plan • Serve as the sector communications hub conveying timely and accurate cyber and physical threat information, and vulnerability and incident alerts to the membership; • Serve as the sector communications hub during emergencies, through the delivery of rapid notifications and communications to and among the FS-ISAC and the FSSCC members; • Identify and implement new services that add value to the membership and support the mission of the FS-ISAC; and. .. ability of the Banking and Finance Sector to meet its challenges: (1) Secure Financial Transaction Protocol (SFTP); (2) Resilient Financial Transaction System (RFTS); (3) enrollment and identity credential management; (4) suggested practices and standards; (5) understanding and avoiding the insider threat; (6) financial information tracing and policy enforcement; (7) testing; and (8) standards for measuring... agencies also regulate the purchase and sale of securities and the provision of investment advice regarding securities 1.2 Security Partners As the SSA for the Banking and Finance Sector, the Treasury Department recognizes the vital role of both the financial regulators and the private sector These regulators and the private sector are committed to the Banking and Finance Sector’s security partnership... The following sections refer to the efforts of the Treasury Department, working with the FBIIC members and the private sector, to identify sector vulnerabilities and assess the risks across the Banking and Finance Sector Assess Risks  Figure 3-1: Vulnerability Assessment Methodology 3.1 Use of Risk Assessment in the Sector The Banking and Finance Sector has a long-standing and accepted practice of conducting risk assessments and mitigating vulnerabilities These risk assessments take into account NIPP baseline assessment criteria, including consequences, vulnerabilities, and threats to the essential underlying clearing, payment, and settlements systems of the sector... FloridaFIRST 1.3 Sector Security Goals The Banking and Finance Sector is strong and resilient, with an infrastructure that is designed to respond quickly and appropriately to detect, deter, prevent, and mitigate physical and cyber-based intrusions, attacks, or other emergencies This ability ensures the continuity and efficient operation of the sector’s institutions, and thereby serves to strengthen public confidence in... Identifies the critical interdependencies of the Banking and Finance Sector with the Energy, Transportation, Communications, and Information Technology sectors; and • Promotes information sharing among and between the Federal, State, local, and tribal authorities, as well as the private sector The Treasury Department also works with Federal, State, local, and tribal law enforcement, including DHS and the Department of Justice (DOJ)... In turn, the financial institutions are better able to meet their customers’ demand for a high degree of resilience and reliability 16 www.federalreserve.gov/boarddocs/rptcongress/soundpractices/soundpractices200604.pdf 0 Banking and Finance Sector-Specific Plan 2 Identify Assets, Systems, Networks, and Functions Essential to conducting a risk assessment of the Banking and Finance Sector is the awareness that the products of the financial . examinations and mandated reporting. Banking and Finance Sector-Specific Plan 3 3. Assess Risks Risk assessments are a long-standing practice within the Banking and Finance Sector and accepted. alt="" i Banking and Finance Government Coordinating Council Letter of Support ii Banking and Finance Sector-Specific Plan iii Table of Contents Executive Summary 1 1. Sector Profile and Goals. (4) suggested practices and standards; (5) understanding and avoiding the insider threat; (6) finan- cial information tracing and policy enforcement; (7) testing; and (8) standards for measuring