NIST and DHS signed a memorandum of understanding with the Financial Services Coordinating Council for Critical Infrastructure and Homeland Security to promote innovation to overcome cybersecurity vulnerabilities and promote better processes to benefit critical functions of the financial services industry.

Under the terms of the agreement, NIST, DHS and the coordinating committee will develop and make available cyber research and testing based on the needs of the financial services companies, which includes banks, credit unions, insurance companies and others.

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