FS-ISAC, Europol join forces to combat cybercrime in financial services

The purpose of the MOU will be to facilitate and enhance the law enforcement response to financially motivated cybercriminals targeting banks and other financial institutions through a symbiotic intelligence-sharing network.

Furthermore, the MOU will help foster a pan-European approach to intelligence sharing, ensuring the cross-border cooperation necessary for the detection, prevention and reduction of cybercrime. In addition to facilitating information sharing, the agreement will also enable education and resilience through training exercises and informational summits.

FS-ISAC is a close partner of EC3 and an active member of the Advisory Group on Financial Services, a public-private partnership initiative, which provides a platform for financial services organisations and law enforcement to share information as well as to agree on joint operations and awareness campaigns.