Cloudflare is powering how the U.S Department
of Treasury and PNNL share advanced threat intelligence with the
financial sector
Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud
company, today announced a partnership with the United States
Department of Treasury and Pacific Northwest National Laboratory
(PNNL) under the Department of Energy to improve the cyber
resilience of the financial services industry by sharing an
advanced threat intelligence feed through Cloudflare. With this new
offering, financial services institutions that are using Cloudflare
Gateway now have privileged access to Custom Indicator Feeds that
share threat indicators and enable direct action to be taken, to
better defend against ransomware, phishing, and other threats.
“The bank heists we watch in movies have modernized. With an
increase in consumer banking done online post-pandemic, and the
current geopolitical situation, cyberattacks on financial
institutions have an outsized impact on how our country functions,”
said Matthew Prince, co-founder and CEO, Cloudflare. “Our Custom
Indicator Feed will take threat intelligence that was previously
exclusively the government’s, and make it easily available to and
actionable for the private sector for the first time. This is the
beginning of another chapter of Cloudflare working closely with the
federal government to strengthen the security of our critical
institutions.”
Banks and financial services companies are critical institutions
that keep the country and the economy functioning, and where
companies and individuals hold their savings — and therefore, are a
prime target for cyberattacks. Cloudflare observed 41 billion HTTP
DDoS attack requests targeting the Banking, Financial Services, and
Insurance (BFSI) industry in Q1 2024, a 57% year-over-year growth
compared to Q1 2023. Sharing threat intel data across organizations
thus far has been a manual process, with exchanges happening over
email or industry Slack channels; there is then no streamlined way
for organizations to take action on the intel received.
Tailored Threat Intelligence for Financial
Institutions
This partnership with the Department of Treasury and PNNL will
provide U.S. financial services institutions with privileged access
to advanced threat intelligence, available through Cloudflare. The
feed collects advanced insights from the Treasury and federal
government's exclusive sources, enriched by Cloudflare's own threat
intelligence, gained from unique visibility across Internet
traffic. Financial institutions are able to integrate approved
threat intelligence feeds directly into their Cloudflare dashboard
and implement automated DNS filtering policies using Cloudflare
Gateway, ensuring their employees are protected from malicious
links and phishing attempts targeting financial services
organizations.
Cloudflare’s network spans more than 320 cities, its widely used
public DNS resolver, 1.1.1.1, is used around the world, and
Cloudflare is used by nearly 20% of all websites — and so,
Cloudflare routinely sees security threats and attacks by actors
earlier than competitors. Cloudflare is the CISA chosen vendor for
Protective DNS and federal agencies such as Treasury are leveraging
Cloudflare to help protect its infrastructure.
“Treasury sees Cloudflare and PNNL as critical partners in our
strategy to develop a more modern proactive defense posture,” said
Todd Conklin, Treasury Chief AI Officer and Deputy Assistant
Secretary Cybersecurity and Critical Infrastructure Protection.
“Ensuring that critical cyber threat data is automated and being
directly offered to firms will bolster the collective defenses of
the financial sector, and will especially offer critical support to
our smallest financial institutions.”
Public-Private Partnerships to Secure the Internet
This partnership is part of the White House’s National
Cybersecurity Strategy, announced in 2023, that aims to defend
critical infrastructure and dismantle threat actors in close
cooperation with the private sector. Cloudflare has also signed
onto the Cybersecurity and Infrastructure Security Agency (CISA)
Secure By Design pledge, to catalyze collective action around
secure by design principles, including multi-factor authentication,
reducing entire classes of vulnerabilities, and more.
Onboarding U.S. Financial Institutions
This offering is available at no cost to any financial
institution recognized by the Department of Treasury and that
currently uses Cloudflare Gateway. Through this partnership, the
feed will be available as a new security content category to use
within Cloudflare’s Gateway DNS filtering policies. In accordance
with Cloudflare’s values around privacy, threat intel is a one-way
feed from Treasury to customers, and financial institutions’ data
is not shared in any way outside of Cloudflare as part of this
program. Customers will have access to threat signals, including IP
addresses and domain names, along with DNS filtering via Gateway to
ensure employees are protected from bad links or phishing attempts.
For U.S. financial institutions that are not currently Cloudflare
customers, contact Cloudflare at
cloudflare.com/financial-services.
To learn more, please check out the resources below:
- Cloudflare Blog: The White House’s National Cybersecurity
Strategy asks the private sector to step up to fight cyber attacks.
Cloudflare is ready
- Cloudflare for Financial Services
- Cloudflare for Public Sector
About Cloudflare
Cloudflare, Inc. (NYSE: NET) is the leading connectivity cloud
company on a mission to help build a better Internet. It empowers
organizations to make their employees, applications and networks
faster and more secure everywhere, while reducing complexity and
cost. Cloudflare’s connectivity cloud delivers the most
full-featured, unified platform of cloud-native products and
developer tools, so any organization can gain the control they need
to work, develop, and accelerate their business.
Powered by one of the world’s largest and most interconnected
networks, Cloudflare blocks billions of threats online for its
customers every day. It is trusted by millions of organizations –
from the largest brands to entrepreneurs and small businesses to
nonprofits, humanitarian groups, and governments across the
globe.
Learn more about Cloudflare’s connectivity cloud at
cloudflare.com/connectivity-cloud. Learn more about the latest
Internet trends and insights at https://radar.cloudflare.com.
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release include, but are not limited to, statements regarding the
capabilities and effectiveness of Cloudflare’s products and
technology, the benefits to Cloudflare’s customers from using
Cloudflare’s products and technology, Cloudflare’s partnership with
the United States Department of the Treasury and PNNL and the
potential resulting benefits to Cloudflare customers, the potential
opportunity for Cloudflare to attract additional customers and to
expand sales to existing customers through Cloudflare’s partnership
with the United States Department of the Treasury and PNNL,
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