Google Cloud announced that it is taking a significant step to enhance financial services security by joining the Financial Services Information Security and Analysis Center’s (FS-ISAC) Critical Providers Program. The partnership seeks to enhance security and resiliency for financial services organizations while fostering a safer online space for transaction and business activities.
As the first major cloud provider to join FS-ISAC’s program, Google Cloud will contribute experts, resources, and unique insights from its Threat Horizon reports. Google team members will also collaborate with global financial services defenders and leaders, sharing valuable knowledge gained from developing and deploying secure technology at Google.
Additionally, Google Cloud’s Cybersecurity Action Team will offer its services to the financial sector. Comprising former industry CISOs and global leaders, this team understands the complex financial ecosystems and the challenges they face, making them ideally positioned to support financial services organizations in tackling their most pressing problems.
Key Partnerships
Steve Silberstein, CEO of FS-ISAC, emphasized the importance of this partnership in strengthening the security of the financial sector’s supply chain. He highlighted the benefits of gaining access to Google’s unique perspective, expertise, and timely threat intelligence to help organizations anticipate, defend, and respond to cyber incidents.
Google previously committed to investing at least $10 billion over five years to advance cybersecurity, starting in August 2021. The collaboration with FS-ISAC underscores Google’s commitment to supporting the security and digital transformation of high-risk sectors through community partnerships and other initiatives.
Phil Venables, CISO of Google Cloud, stated that working with organizations like FS-ISAC is a critical component of their responsibility as one of the world’s largest tech providers. He emphasized that cybersecurity and resilience are a team effort, and by joining forces with FS-ISAC, Google Cloud is proud to contribute to protecting an essential part of society.
“Google Cloud’s partnerships with key organizations in critical infrastructure sectors, such as FS-ISAC, are vital to ensuring our customers are protected and educated amidst a complex and evolving threat landscape,” said Venables. “We are already a long-standing supporter of FS-ISAC and are excited to be the first major cloud provider in the Critical Providers Program. We look forward to sharing our resources and unique insights with FS-ISAC to build a more secure and resilient financial system.”
Shared Fate Model
Google Cloud follows a shared fate model, actively partnering with customers in their security journey. The partnership between Google Cloud and FS-ISAC represents a solution to achieving enhanced security for the broader technology ecosystem. Google Cloud is also expanding its partnerships and working closely with industry partners like FS-ISAC to bolster resiliency and safety within the financial services sector.
The collaboration between Google Cloud and FS-ISAC is a major step forward to creating a more secure and resilient financial services industry. By leveraging Google Cloud’s resources, expertise, and commitment to cybersecurity, the partnership aims to establish a strong foundation for a safer and more secure financial landscape.