FINRA has launched the Financial Intelligence Fusion Center (FIFC), a secure portal for FINRA and its member firms to share timely intelligence about cybersecurity and fraud threats and coordinate responses, according to Dark Reading. The FIFC will collect, analyse and disseminate threat intelligence to bolster member firms’ awareness and ability to respond quickly, and it will leverage FINRA’s existing partnerships to input from government and private sector partners.
The platform was developed as part of FINRA Forward, a series of initiatives to improve FINRA’s effectiveness in protecting investors and safeguarding market integrity. FINRA began piloting the FIFC last year with a diverse group of member firms, whose participation has helped strengthen the portal for firms of all sizes, with active sharing of cybersecurity and fraud threat intelligence.
The executive quoted, Greg Ruppert, emphasised that the FIFC will bolster defence and trust in markets through timely intelligence sharing within FINRA’s self-regulatory framework, and member firms are encouraged to opt into the FIFC. For more information, visit the Financial Intelligence Fusion Center.