Partnership for Cybersecurity Innovation

The Obama Administration released a Memorandum of Understanding signed by the National Institute of Standards and Technology (NIST) of the Department of Commerce, the Science and Technology Directorate of the Department of Homeland Security (DHS/S&T), and the Financial Services Sector Coordinating Council (FSSCC). The goal of the agreement is to speed the commercialization of cybersecurity research innovations that support our Nation’s critical infrastructures.
The agreement establishes a framework for collaboration between the public and private sectors as directed by President Obama in his cybersecurity policy address. This agreement will accelerate the deployment of network testbeds for specific use cases that strengthen the resiliency, security, integrity, and usability of financial services and other critical infrastructures’ functions, processes, and people by:

1. Facilitating coordination and cooperation among Federal agencies and the financial services sector in the development and delivery of innovative cybersecurity technologies and processes; and
2. Establishing clear processes for the implementation of specific use cases.