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Cyber Governance and the Financial Services Sector: The Role of Public-Private Partnerships
| Content Provider | Scilit |
|---|---|
| Author | Menacho, Valeria San Juan Martin, Aaron |
| Copyright Year | 2018 |
| Description | This contribution is the first to explore in depth the various financial services sector organizations focused on cybersecurity and critical infrastructure protection. We first discuss how governance over security and the protection of critical infrastructure has increased the focus on the role of public-private partnerships (PPPs) in addressing issues of cybersecurity. We continue by highlighting three sector-led bodies—the Financial Services Information Sharing and Analysis Center, the Financial Services Sector Coordinating Council, and the Financial Systemic Analysis and Resilience Center—and how each facilitates PPPs to address cyber challenges primarily in the areas of information sharing, policy coordination, and threat analytics, respectively. The chapter concludes with a discussion of lessons learned and remarks on future research avenues in the area of cybersecurity governance. These lessons include: 1) validation of the PPP model, with some important caveats, 2) the need to extend PPPs beyond information sharing to address systemic risks, and 3) the limitations of PPPs in regulated industries like finance. |
| DOI | 10.31235/osf.io/ybqgm |
| Language | English |
| Publisher | Center for Open Science |
| Publisher Date | 2018-09-19 |
| Access Restriction | Open |
| Subject Keyword | Information Systems Financial Services Information Sharing Services Sector |
| Content Type | Text |
| Resource Type | Article |
