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Following recent events in Russia and Ukraine, the Financial Sector Cyber Collaboration Centre (FSCCC) invoked an incident management call to promote sharing across its membership and to ensure sector-wide awareness of potential threats resulting from the conflict, in order to maintain the resilience of financial services in the UK. FSCCC prides itself in being the UK financial sector's first point of call for intelligence sharing and acting proportionately to a potential systemic threat to our economy.
FSCCC had previously responded to the threat to the sector from the active exploitation of Apache Log4j, widely used opensource software that enables logging of Java applications.
Whether due to software vulnerabilities or geopolitical events, FSCCC provides an overview of discussions from incident calls (without attribution to participants) to the financial authorities. This allows them to understand the threat and actions taken by the sector more broadly. By providing a formal link between firms, authorities and the NCSC, the FSCCC is able to help the financial sector manage cyber risks and subsequently become more resilient through sharing and knowledge.
The FSCCC Fusion Cell continues to meet daily on potential cyber threats while being ably assisted by the Cyber Defence Alliance (CDA) and the Financial Services Information Sharing and Analysis Center (FS-ISAC). Both are key partners in the delivery of FSCCC services, as is the NCSC and the National Crime Agency.
If you would like more information on FSCCC or would like to become a member, please contact email@example.com
Zelfau Raouf, Analyst, Cyber and Third Party Risk, UK Finance