Big banks form new cyber resilience center

Image Source: Article

Image Source: Article

The largest and most important banks, those designated by the Department of Homeland Security as critical to the U.S. financial system, have a new forum for working together on cyberthreats, they said Monday.

The Financial Systemic Analysis and Resilience Center, or FSARC, is being launched by eight large U.S. banks — Bank of America, BNY Mellon, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, State Street and Wells Fargo — according to an announcement Monday.

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