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 The move follows cybersecurity attacks on some big banks last month,
where JPMorgan Chase & Co's computer systems were hacked exposing
the contact details of 73 million households and 7 million small
businesses.
The group gathered funds from 16 banks including JPMorgan, Citigroup
Inc , BB&T Corp and U.S. Bancorp, to help lead the effort, the
newspaper said.
The product, called 'Soltra Edge', is being launched by Financial
Services Information Sharing Analysis Center (FS-ISAC) and the
Depository Trust & Clearing Corp (DTCC). It has been in works for
more than a year and is expected to be out next month, the report
said.
Earlier this year, JP Morgan said it expects to spend more than $250
million on cyber security, with about 1,000 people working on that
area, after being warned by U.S. regulators about the threat of
rising cyber attacks on bank machines.
A pilot version of Soltra was used in spreading the information
received by FS-ISAC from JPMorgan after the breach, the Journal
said, citing sources.
Soltra, which offers a free edition as well as a paid one, will help
track threat information within seconds, a spokesman for Soltra told
Reuters.
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FS-ISAC and DTCC could not be reached immediately for comments
outside regular U.S. business hours.
(Reporting by Rishika Sadam in Bangalore; Editing by Gopakumar
Warrier)
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