Besides the need to streamline and standardize the regulatory reporting requirements of the financial sector in order to truly analyze and understand the systemic risk in the system, it is equally important to address the cyber related risks to the confidentiality, integrity, and accessibility of the data that the institutions rely on. Based on interviews and research conducted over the last several years with more than a dozen of the world’s largest financial institutions and market utilities, including CRO’s ,CIO’s, CDO’s, CISO’s and a cross-section of cyber security related associations and experts, it has become apparent that there is a need for a new approach to addressing the lack of adoptable:
Cyber Security Risk Metrics and Threat Modeling Standards,
Operations focused Cyber Security Modeling & Testing Frameworks, and
Data standards for reporting & collecting the operational norms necessary for baselining and benchmarking
CMBR is a 501c3 created to work with the public and private sectors to create a new form of collaboration, one founded in the shared vision that unless we can find a way to work together we can not solve these challenges and thus can not make the progress we need to protect the data and systems that are critical to our economic and national security.