The best kept secret in cybersecurity is protecting U.S. banks against catastrophic attacks

If one financial services firm cyber destructs, then another one takes over.

By Steve Morgan

More than 100 industry experts from the U.S. banking and financial services industry quietly collaborated on a groundbreaking cyber resilience initiative dubbed Sheltered Harbor earlier this year.

The initiative provides its members with an extra layer of security. If a catastrophic cyber attack brings down a member bank, then another bank takes over.

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