FIS Joins Forces with Microsoft to Advance Cybersecurity
- FIS was selected by Microsoft as a partner in the fight against cybercrime.
- The two companies will focus on making Internet-based banking and payments transactions safer for businesses and their customers.
- Partnership follows FIS’ cybersecurity research agreement with the Department of Homeland Security and Financial Services Information Sharing and Analysis Center.
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Underscoring its commitment to deliver information security excellence, FIS™ (NYSE: FIS), the world’s largest provider of banking and payments technology, announces its selection by Microsoft as a partner in the fight against cybercrime. The global companies signed a partnership agreement today at Microsoft’s Cybercrime Enforcement Summit in Redmond, Wash.
“Cybersecurity has no end state and we embrace the opportunity to work collaboratively with industry leaders such as Microsoft to continually advance and further strengthen the banking and payments industry for financial institutions and their customers across the globe.”
Under the agreement, FIS representatives will work hand-in-hand with forensic analysts, software developers and researchers at the Microsoft Cybercrime Center, which opened in November 2013. The partnership goal is to increase cooperative action between international law enforcement and private industry in order to help continuously improve the security of payments and financial transactions worldwide and make the Internet a safer place to do business.
“FIS has a leading role in setting and maintaining security standards for the financial services industry worldwide,” said Greg Montana, EVP and chief risk officer, FIS. “Cybersecurity has no end state and we embrace the opportunity to work collaboratively with industry leaders such as Microsoft to continually advance and further strengthen the banking and payments industry for financial institutions and their customers across the globe.”
“We’re pleased to tap into FIS’ cybersecurity expertise in our joint efforts to fight cybercrime,” said David Finn, executive director and associate general counsel, Microsoft Cybercrime Center. “We think their experience and knowledge will be invaluable as we work together to detect, pursue, and dismantle criminal organizations around the world.”
This is the latest in a series of industry-leading cybersecurity partnerships for FIS. The company recently reached an agreement with the Department of Homeland Security (DHS) as a cybersecurity research partner. FIS representatives will work with DHS’s National Cybersecurity and Communications Integration Center (NCCIC), a 24x7 cyber monitoring, incident response, and management center, through which DHS actively collaborates and shares information with federal partners and the private sector every day in the face of constantly evolving threats to the nation’s critical infrastructure and communications networks. FIS also is a member of the Financial Services Information Sharing and Analysis Center (FS-ISAC).
FIS (NYSE: FIS) is the world’s largest global provider dedicated to banking and payments technologies. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 110 countries. Headquartered in Jacksonville, Fla., FIS employs more than 39,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions. First in financial technology, FIS tops the annual FinTech 100 list, is 434 on the Fortune 500 and is a member of Standard & Poor’s 500® Index. For more information about FIS, visit www.fisglobal.com.