Dear
members,

This has been a year of new and evolving cyber exploits, pandemic disruption, war in Eastern Europe with mass migrations, financial sanctions, and economic dislocation. All of this has impacted our sector and the people it serves in unprecedented ways. In response, this community banded together as never before to protect the global financial system and society’s financial life. From the latest in phishing lures to nation-state threats, from evolving ransomware tactics to managing supply chain risk, we focused on arming our members with the intelligence and knowledge needed to keep our sector secure. Helping to drive this was a new level of sharing within the community, creating the collective strength that can only come from the sum of all efforts.

FS-ISAC’s activities ranged across the subsectors of financial services and around the world, ensuring that members with shared interests had the platforms they need to cooperate and learn from each other, so that every member could tap the vast reservoir of knowledge of their peers, no matter their size or location

The focus on Russia-Ukraine did not distract us from our global mission to advance the cybersecurity and resilience of the financial system. Our work in convening members with shared interests continued, with communities of interest focused on community institutions, insurance firms, asset managers, and payments becoming more active than ever. We kicked off new working groups focused on key issues for the sector such as the software supply chain and post-quantum cryptography.

With trust being so central to the strength of our community, we were thrilled to be able to resume meeting in person, with excellent attendance and myriad substantive discussions at our physical Summits around the world.

We know that threats constantly evolve, and that we must always test and improve our preparedness for whatever may come next. This year, FS-ISAC expanded our exercise program to help our members build the muscle memory to respond to new cyber threats. From our signature CAPS exercise at the firm level to leading the financial sector’s participation in the multi-country, multi-sector NATO Locked Shields exercise, more than 12,000 members of our community participated in exercises

We look to 2023 with focus and determination to keep FS-ISAC’s members armed with actionable information and knowledge they need to protect their firms and customers. We are excited about our new strategic initiatives to both grow and strengthen the fincyber community around the world

Thank you for everything you do to contribute to our collective mission, both in the work you do for FS-ISAC and as well as your tireless efforts in your own institution, day in and day out, to keep the world’s financial system safe and secure. We look forward to continuing this journey together in the new year.

Wishing you happy and restful holidays,
Steve Silberstein
CEO, FS-ISAC