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New council to focus on best-practices in cybersecurity

The Financial Services Information Sharing and Analysis Center and the SPARK Institute are launching the Retirement Industry Council to help educate members of the retirement industry on how to address security challenges.

"Information sharing of cyberthreats, vulnerabilities and best practices is one of the most effective ways to stay ahead of cyberattacks," said Bill Nelson, CEO of FS-ISAC, in a Wednesday release on the council's formation. "Expanding FS-ISAC coverage to include retirement assets is yet another way to ensure the entire financial services sector can protect their customer accounts in every way and throughout each life stage."

The council will be made up of members of the SPARK Institute's data oversight security board, which includes record keepers and consultants, along with members of the FS-ISAC.