A Unified Approach to Cyber Resilience: Bryan Smith, FINRA
Operations and compliance staff at advisory firms are usually the ones fielding fraud attempts and reporting them, and this is a short conversation on how the industry's threat-sharing channels are framed. It is a useful view of how a regulator describes the collaboration it expects from firms, without any product or vendor pitch.
Summary
By our deskBryan Smith of FINRA speaks with SIFMA's Heard at Ops about cyber-enabled fraud and why firms cannot address it on their own. He describes cybercrime as increasingly sophisticated and industrialized, and makes the case for information sharing, cross-functional collaboration and industry partnerships. He also discusses FINRA's Financial Intelligence Fusion Center and how collective action can help firms spot threats earlier, protect investors and strengthen market resilience.
- Smith says cyber-enabled fraud is growing and firms can no longer combat it alone.
- He argues cybercrime has become more sophisticated and industrialized.
- He cites information sharing, cross-functional collaboration and industry partnerships as the response.
- He highlights FINRA's Financial Intelligence Fusion Center as a way to identify threats earlier and protect investors.
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