The best kept secret in cybersecurity is protecting US banks against catastrophic attacks

More than 100 industry experts from the U.S. banking and financial services industry quietly collaborated on a groundbreaking cyber resilience initiative dubbed Sheltered Harbor earlier this year.

The initiative provides its members with an extra layer of security. If a catastrophic cyber attack brings down a member bank, then another bank takes over.

How Sheltered Harbor works

The Sheltered Harbor website explains how its members participate, which is strikingly simple and ingenious: