During the July 16 discussion, "Rethinking Public-Private Intelligence Sharing: Recommendations from the Cyberspace Solarium Commission," co-hosted by INSA and the Bank Policy Institute, panelists discussed the importance of having well-orchestrated, strong, and resilient mechanics for information sharing between the federal government and the private sector. One of the key points reiterated by panelists was that the majority of dialogue and coordination has been reactionary and event-driven. There is a need to prioritize more proactive conversations.
Watch Event Recording
Key discussion points included:
- importance of moving beyond just information sharing to communicating timely, high-fidelity, actionable information;
- real value in tabletop exercises. Vital for sector to understand itself and what government can and cannot do, and how all the entities might engage in a cyber scenario;
- SSA function at Treasury has been critical for information sharing to work. Provides much needed expertise to provide context and "translate" financial issues to IC agencies.
- building cross-sector trust and "muscle memory" so both sides get more comfortable with each other is essential to make information sharing more routine. Talent exchanges between government and private sector can help "cross pollinate" the workforce.
- potential legislation can mandate that CISA and sector risk management agencies be a bridge between the two sectors (IC and critical infrastructure operators). Shape the outline for the process and general expectations of operational collaboration.
If all parties, specifically within the financial sector, who are supporting the Intelligence Community mission can more effectively share information, then we will continue to build a system that is resilient in the face of adversity and ready to respond to cyber crime attacks and threats from adversary state actors.
Thank you to our panelists:
- Congressman James Langevin (D-RI), Commissioner, Cyberspace Solarium Commission; Co-Founder and Co-Chair, Congressional Cybersecurity Caucus; and Chair, House Armed Services Committee, Subcommittee on Intelligence and Emerging Threats and Capabilities
- Everette Jordan, Deputy Assistant Secretary for Intelligence Community Integration, Office of Intelligence and Analysis, U.S. Department of the Treasury
- The Hon. Leslie Ireland, Board Member, Citi; former Assistant Secretary of the Treasury for Intelligence and Analysis; and INSA Financial Threats Council Chair
- Scott DePasquale, President, Financial Systemic Analysis and Resilience Center (FSARC)
- Chris Feeney, Executive Vice President, Bank Policy Institute; and President, BITS (moderator)
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