SINGAPORE – Media OutReach – July 10, 2019 – The CERES (CEntral banks, REgulators and Supervisory Entities) Forum, established through the Financial Services Information...

SINGAPORE – Media OutReach – July 10,
2019 – The CERES (CEntral
banks, REgulators and Supervisory Entities) Forum,
established through the
Financial Services
Information Sharing and Analysis Center (FS-ISAC),
an industry
consortium dedicated to reducing cyber-risk in the global financial system,
announced today that it has grown its membership to 11 members in 10 countries from
Africa, Asia, Europe, North and South America.

Established a year ago as a forum
for central banks, regulators and supervisors, the CERES Forum plays a critical
role in facilitating multi-lateral information sharing. This enables the
financial authorities to rapidly detect, assess and respond to cyber threats in
the financial sector.

“Having a
trusted peer-to-peer network to share critical information related to malicious
cyber-activity is key to effectively guarding against an ever-growing threat
landscape,” said FS-ISAC Chief Executive Officer, Steve Silberstein. “We will continue to work with
the financial authorities to support this initiative and drive engagement with
oversight institutions, as we work together to keep the members apprised of
current threats, trends, best practices and solutions.”

Mr. Tan Yeow
Seng, Chief Cyber Security Officer of the Monetary Authority of Singapore,
said, “The CERES Forum has implemented a number of useful initiatives in the
past year to increase the situational awareness of members, including holding
quarterly threat conference calls and launching a mobile app to share threat
intelligence. This will facilitate swift detection and response to potential
cyber threats.”

“Building
collaboration and sharing information help strengthen Cyber Resilience
readiness among central banks and regulators, which would also support regional
and global financial stability,” said Mr. Ronadol Numnonda, Deputy Governor,
Bank of Thailand.

CERES Forum is independent of FS-ISAC’s
membership base and forum members have their own secure portal to share
information to ensure confidentiality.


To learn more about the forum,
visit
fsisac.com/CERESForum.

About FS-ISAC:

The Financial Services Information Sharing and Analysis Center (FS-ISAC)
is an industry consortium dedicated to reducing
cyber-risk in the global financial system
. Serving financial institutions
and in turn their customers, the organization leverages its intelligence
platform, resiliency resources, and a trusted peer-to-peer network of experts
to anticipate, mitigate and respond to cyberthreats. FS-ISAC has nearly
7,000-member firms with users in more than 70 countries. Headquartered in the
US, the organization has offices in the UK and Singapore. To learn more, visit
www.fsisac.com.


Source:: Media Outreach

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