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Cybersecurity cooperation in the financial sector

The case

The National Cyber Security Centre (NCSC) and the Swiss Financial Sector Cyber Security Centre (Swiss FS-CSC) have strengthened their partnership to bolster cyber resilience within Switzerland’s financial sector. The aim of this collaboration is to enhance the sector’s ability to withstand and respond to increasing cyber threats.

Source: admin.ch

The commentary

Swiss FS-CSC was established on 5 April  2022 as a public-private initiative to improve the cyber resilience of the Swiss financial centre. The NCSC played a pivotal role in its foundation, by collaborating with various stakeholders, including the Swiss Bankers Association (SBA), the Swiss Insurance Association (SIA), SIX, the Swiss National Bank (SNB) as well as the State Secretariat for International Finance (SIF). The association’s mission is to facilitate exchange of information among financial institutions and authorities, implement preventive measures and manage systemic crises effectively.

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