Government, Finance Industry Team Up to Promote Cybersecurity Innovation

Aneesh Chopra

Federal agencies and the financial services industry will work together to speed the commercialization of cybersecurity research innovations and establish a framework for collaboration between the public and private sectors as directed by President Barack Obama in his cybersecurity policy address.

The National Institute of Standards and Technology, the Science and Technology Directorate of the Department of Homeland Security, and the Financial Services Sector Coordinating Council released a memo Monday, outlining a strategic partnership that would pool their collective cybersecurity resources to aid innovation. It would also identify and fight cybersecurity vulnerabilities, and develop more efficient cybersecurity processes that can be used in the financial services sector as well as by other organizations.

Federal Chief Tehcnology Officer Aneesh Chopra and White House Cybersecurity Coordinator Howard A. Schmidt commented on the memo on the Office of Science and Technology Policy blog, saying  in this digital age, the nation's competitiveness and prosperity depend on cybersecurity.

“Working together, these partners will use the power of innovation to make cyberspace safer and more resilient for the nation, its citizens and its businesses,” the two wrote.

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