In December we wrote a story about Soltra, a partnership between securities-clearing firm Depository Trust & Clearing Corp. (DTCC) and the Financial Services Information Sharing and Analysis Center. In less than 5 months, Soltra seems to be having an effect.
The information sharing platform known as Soltra Edge, “collects threat indicators such as suspicious IP addresses or particular forms of malware from member organizations and uses a special programming language to automate the transfer of that information to other members.” Soltra Edge cuts down the time to it takes to spot threats from 7 hours to a matter of seconds.
The platform has more than 1,500 downloads, with almost 400 active FS-ISAC members who over 10,000 information requests to the repository every day, and it seems to be paying off. According to Bill Nelson, chief executive of FS-ISAC, “we’re already seeing some of the efforts start to pay off.”