Reston, VA -- APRIL 15, 2015 -- FS-ISAC, the Financial Services Information Sharing and Analysis Center today announced key developments to address the needs of nearly 5500 members and users in 45 countries around the world. FS-ISAC has experienced tremendous growth over the past 12 months with a 176% increase in dues paying members and a full 30% of membership revenue generated outside the United States. With the growth in global cyber crime over the past few years, FS-ISAC has dedicated additional resources to support both regional and cross-border sharing.
“FS-ISAC is making a substantial investment in the talent, the best practices and the technology to assist our members in detecting & responding to the latest risks and threats world-wide,” states Bill Nelson, President and CEO, FS-ISAC. “We are proud to add Kris Herrin to our executive team. Kris brings deep expertise as a cyber security industry practitioner and at the same time lends a strategic global purview.”
“Today’s cyber attacks and threats don’t stop at country borders. Threat intelligence sharing is proven to prevent catastrophic impact to critical sectors around the world,” says Kris Herrin in his new role as SVP Global Business Services. “We’ve made great progress in establishing resources and benefits for members worldwide including our Joint Working Group Initiative and the European Threat & Strategy Committee (ETSC). In Asia Pacific, we helped form a threat intelligence group in Singapore amongst other regional activities and have introduced support for several new languages including Japanese and Spanish. We are prepared to do even more in each region.”
Herrin spent nine years in Information Security leadership at Alcatel, the $15B French telecom manufacturer. He later became Chief Security Officer at Heartland Payment Systems where he led the IT response to the illegal intrusion by Russian-based criminals. He was then appointed Chief Technology Officer at Heartland where he owned building secure and reliable payment processing systems to handle over $100B in credit card processing annually. Herrin is a frequent commentator and speaker on cyber security topics, is an Adjunct Professor at the University of Dallas and also holds patents for Information Security technology innovations.
FS-ISAC Launches New European-Based Security Operations Center (SOC)
FS-ISAC also today announced a commitment to provide follow-the-sun security operations services for members. Leveraging a strategic partnership with IBM, the new Security Operations Center capability will help better align with regional and international support and time zone needs of members world-wide. Co-located within IBM's Security Operations Center in Poland, the European security operations team enhances existing North America-based operations. Specifically the European SOC will enable member submissions to be processed and shared faster globally and provide a front line response to member inquiries and requests for assistance. Over the coming year, FS-ISAC will continue to look at additional SOC capabilities to support the needs of our member firms around the world.
The Financial Services Information Sharing and Analysis Center, formed in 1999, is a member-owned non-profit and private financial sector initiative with over 5500 members and users in 45 countries. It was designed and developed by its member institutions. Its primary function is to share timely, relevant and actionable physical and cyber security threat and incident information to enhance the ability of the financial services sector to prepare for, respond to, and mitigate the risk associated with these threats. Constantly gathering reliable and timely information between its members, and from financial services providers, commercial security firms, government agencies, law enforcement and other trusted resources, the FS-ISAC is uniquely positioned to quickly disseminate physical and cyber threat alerts and other critical information. This information includes analysis and recommended solutions from leading industry experts. Please visit our website (www.fsisac.com) for additional information.