Information Sharing in the Private Sector: Lessons From the Financial Services Industry

Sharing cyber intelligence has become a vital best practice for organizations in fending off cyber attacks. The financial services industry formed the first formal information sharing and analysis center (FS-ISAC) in 1999 and has helped other industries launch their own information sharing and analysis organizations (ISAOs). Alfred Saikali, a partner at Shook, Hardy & Bacon, spoke to the Cybersecurity Law Report about why FS‑ISAC is so effective, and what organizations should look for before joining an ISAO. See also “ISAO Organization Releases a Roadmap to Cyber Threat Information Sharing” (Oct. 5, 2016); and “Using Information Sharing to Combat Cyber Crime While Protecting Privacy” (Sep. 7, 2016).

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