Home / Business and Economy / US Financial Cyber Intel Program Ends This Month
US Financial Cyber Intel Program Ends This Month
16 Apr
Summary
- Treasury's cyber intelligence feed for financial institutions is ending.
- The program, Automated Threat Information Feed, launched in 2024.
- A similar program is starting for digital assets firms.
A US Treasury Department initiative that provided cybersecurity threat intelligence to financial institutions is scheduled to end this month. The Automated Threat Information Feed, established in 2024 under 'Project Fortress,' will stop updating and discontinue service on April 24 due to reduced funding.
Despite the closure of this program for traditional financial entities, the Treasury is simultaneously launching a comparable initiative aimed at digital assets firms. This new plan will grant these companies access to crucial cybersecurity information. Details regarding the specific reasons for the funding cut and the program's discontinuation remain undisclosed by Treasury officials.
The effectiveness and adoption of the outgoing program had been varied, with some institutions viewing it as redundant compared to existing threat intelligence tools. It primarily served smaller and medium-sized banks lacking extensive security operations centers.
The Pacific Northwest National Laboratory, which played a role in the program's operation, indicated potential for its resumption should future opportunities arise. Many major banks either did not utilize the feed or declined to comment on its cessation.
