FS-ISAC, the Financial Services Information Sharing and Analysis Center, recently announced the composition of its 2024 Board of Directors, marking a significant step in advancing cybersecurity and resilience within the global financial system. The Board, comprised of a diverse group of cybersecurity experts, plays a crucial role in overseeing FS-ISAC’s operations and initiatives on a global scale.
Leading the Board as Chair is Kris Fador, the Chief Information Security Officer for Bank of America. Fador expressed the importance of FS-ISAC’s work in educating the financial services industry on cybersecurity threats and developing best practices to maintain trust among clients, customers, regulators, investors, and other stakeholders. He emphasized the privilege of chairing the organization and the value that the new Directors bring in enhancing the security of the global financial system.
The newly elected Directors include Kristina Dorville, Chief Information Security Officer at Truist Insurance Holdings; Debbie Janeczek, Chief Security Officer and Technology Executive at Swift; Susan Koski, Chief Information Security Officer and Head of Enterprise Information Security at PNC; and Bethany Netzel, Managing Director of Operational Resilience and Global Security at CME Group. In addition, two incumbents were re-elected to the Board: Kyle Davis, Cyber Fusion Center Principal at Target Corporation, and Steve Sparkes, Chief Information Security Officer at Scotiabank.
Bethany Netzel, one of the new Directors, expressed her enthusiasm for joining the FS-ISAC Board and collaborating with industry leaders to enhance resilience and manage evolving risks within the financial services sector. The election of the new Directors comes at a critical time for the industry, marked by rapid technological advancements and increased geopolitical tensions.
The collective expertise of the Board members will be instrumental in supporting FS-ISAC’s work in real-time information sharing, strategic incident response, and risk management. Debbie Janeczek, Chief Security Officer at Swift, highlighted the importance of industry collaboration and strategic preparation in defending against cyber threats, emphasizing the need for a multifaceted approach to cybersecurity.
Steve Sparkes, EVP, Chief Information Security Officer, and Enterprise Platforms at Scotiabank, underscored the significance of FS-ISAC’s role in protecting financial institutions and clients against global cyber threats. He expressed pride in being re-elected to the Board and reiterated the shared commitment to safeguarding client data in the face of evolving cybersecurity challenges.
Steven Silberstein, CEO of FS-ISAC, acknowledged the growing complexity of risks facing the financial sector and emphasized the Board’s role in evolving to meet the changing needs of member firms and stakeholders. The collaborative efforts of the new Directors and existing Board members will be vital in reinforcing trust in the global financial system.
Each Board candidate undergoes a rigorous selection process, including nomination by the Board Nominating Committee based on leadership qualities and a demonstrated commitment to FS-ISAC’s mission. The final nominees are elected by FS-ISAC’s membership, ensuring a diverse and skilled Board that represents the interests of the financial services industry.
FS-ISAC expressed gratitude to the outgoing Directors for their contributions and dedication to enhancing the security of the global financial services sector. The new Board of Directors will be introduced at FS-ISAC’s Americas Fall Summit in Atlanta, scheduled for October 27 – 30, 2024, providing an opportunity for stakeholders to engage with and learn from these cybersecurity experts.
In conclusion, FS-ISAC continues to play a vital role in advancing cybersecurity and resilience within the financial sector, bringing together industry leaders to address evolving threats and safeguard the integrity of the global financial system. With a diverse and experienced Board of Directors in place, FS-ISAC is well-positioned to navigate the complex cybersecurity landscape and enhance collaboration across the financial services industry for the benefit of all stakeholders.