Banking and Finance Sector-Specific Plan - U.S. Department of ...

• Understanding and Avoiding of the Insider Threat;
• Financial Information Tracing and Policy Enforcement;
• Testing; and
• Standards for Measuring Return on Investment of CIP and Security Technology.
The impact and timing of trends contributing to the challenges was assessed and recommendations made for research that
would support the financial services industry through these challenges.
7.3 Sector R&D Plan
In 2006, the FSSCC R&D Committee began an effort to build on the sector’s research challenges. The committee drafted a
financial services sector research agenda demonstrating how FSSCC research challenges relate to the NIPP. It is intended that
DHS should use this research agenda as input to prioritize CI/KR research supporting the Banking and Finance Sector.
An analysis of both documents indicates that there are many areas common to the NIPP and FSSCC R&D research programs
and that, with minor modifications, the two programs can be synchronized to mutual benefit. Especially noteworthy are the
following national R&D themes that would have the most impact on the financial services sector:
• Protection and Prevention Systems;
• Advanced Infrastructure Architecture; and
• Human and Social Issues.
The FSSCC R&D Committee recommends that research in these areas be given national priority and stands ready to assist
in developing a coordinated plan through the Treasury Department and critical sectors, and the overall NIPP program. (See
appendix on the FSSCC R&D Agenda.)
7.4 R&D Management Processes
The Treasury Department has been working with the Critical Information Infrastructure Protection Interagency Working
Group to draft the physical and cyber portion of the national CIP R&D strategy. The Treasury continues to exchange facts and
information with numerous individuals and organizations both inside and outside the sector to identify R&D projects that will
benefit the financial services sector with the goal of making the sector more resilient against external and internal threats. The
Treasury Department believes that this pragmatic approach is the best method of making the sector more secure.
The FSSCC R&D Committee is organized to support R&D initiatives to ensure the protection and resilience of the physical and
electronic infrastructure of the Banking and Finance Sector’s activities that are vital to the Nation’s economic well-being. The
committee provides guidance for the creation of a FSSCC R&D Agenda to identify and prioritize areas of need. The committee
also provides industry, research/academia, and the public with insights into the opportunities and requirements. Further,
the committee facilitates the coordination of financial services sector-wide R&D voluntary activities and initiatives designed to
improve the sector’s critical infrastructure protection and homeland security.
The FSSCC R&D Committee operates with the following charter:
• Create a FSSCC R&D Agenda to identify and prioritize the areas of need so that the most promising opportunities can be
found for R&D initiatives to improve the financial services sector’s critical infrastructure protection significantly;
Banking and Finance Sector-Specific Plan