Initiatives

Current Initiatives

  •

    Fraud

    The BITS Fraud Program reduces fraud in the industry through information sharing, best practices and analysis of emerging threats. BITS collaborates with industry associations and law enforcement agencies to address mortgage, payment card, credit bust out and remote channel fraud.

  • Regulation

    The BITS Regulation Program maintains strong, standing relationships with financial and non-financial regulators, and develops and delivers detailed analysis of regulatory and supervisory proposals and related industry efforts. The program's current focus includes Dodd-Frank, cybersecurity, privacy and data security.

  • Security

    The BITS Security Program works to strengthen the safety and soundness of financial institutions by sharing best practices and successful strategies for developing secure infrastructures, products and services, and maintaining public and private-sector confidence. BITS is addressing email security, malware, software assurance, social media, cloud computing, mobile financial services, and cybersecurity.

  • Special Interest Groups

    BITS hosts Special Interest Groups to provide information sharing opportunities on topics such as cybersecurity legislation, mobile financial services, emerging technologies and vendor management.

  • Financial Top Level Domains (fTLDs)

    fTLD Registry Services, LLC (fTLD), a joint venture between The Financial Services Roundtable and the American Bankers Association, submitted applications to the Internet Corporation for Assigned Names and Numbers (ICANN) to operate two generic Top Level Domains (gTLDs), .bank and .insurance, on behalf of the financial services industry. If awarded, consumers will be assured they are accessing legitimate financial companies and transacting through the most secure cyber environment available today. [Press Release] [Learn More]