The National Institute of Standards and Technology (NIST) has joined in a new public-private partnership to spur cybersecurity innovation in the financial services sector, according to the NIST.

Through a memorandum of understanding signed on Dec. 6, 2010, NIST, the Department of Homeland Security Science and Technology (S&T) Directorate, and the Financial Services Sector Coordinating Council agreed to work together to speed the application of research into practice for better cybersecurity for the critically important financial services sector.

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