Asia Pacific Intelligence Centre for sharing and analysing cyber threat information to be established

Published: Friday, 02 December 2016 09:25

The Financial Services Information Sharing and Analysis Center (FS-ISAC) and the Monetary Authority of Singapore (MAS) have announced that they will collaborate to establish an Asia Pacific Regional Intelligence and Analysis Centre to encourage regional sharing and analysis of cybersecurity information within the financial services sector. This Singapore-based Intelligence Centre is expected to begin operations in the first half of 2017.

The establishment of the Centre will strengthen the APAC cybersecurity ecosystem by providing deeper capabilities in cyber intelligence gathering and analysis for enhanced in-region intelligence support. The Centre will employ local analysts who will monitor cyber threats to member financial institutions in the region, and provide analysis as well as recommend courses of action to mitigate those threats.

In addition to running the Intelligence Centre, FS-ISAC will increase its efforts to coordinate and host regional events, cybersecurity trainings and exercises targeted at the financial industry in the APAC region to help increase cybersecurity knowledge and skills. It will also enhance collaboration amongst financial institutions, governments and law enforcement agencies in the region. As part of this effort, FS-ISAC plans to develop local cyber security talent capabilities by organising internship programmes for tertiary students in Singapore.