Participation is available to U.S. financial institutions of all types and sizes.
Sheltered Harbor is a not-for-profit, industry-led initiative. Participation is voluntary. We can best protect our customers, ourselves, and the entire U.S. financial system when every financial institution joins and implements the industry developed resilience standards - the only standard and best practices for protecteion of isolated data, relsilience and recovery.
Regulators provide guidance in this space, which is complimentary and supportive of Sheltered Harbor:
Participation fees to join Sheltered Harbor are minimal. Implementation costs vary by size and complexity of institution as well as infrastructure, operations and skills base.
Click here for annual participation fees.
While effort required varies according to size and complexity as well as pre-existing infrastructure, operations, and skills base, Sheltered Harbor is not especially difficult to implement. Smaller institutions have declared their first Sheltered Harbor milestone in as little as three months, while it takes longer for large, complex institutions.
The key factors are prioritization by top leadership and building a cross-functional team to manage the process. Your team should include operations, technology, information security, risk management, audit and compliance, and other relevant departments.
We’ve developed many resources to help you get Sheltered Harbor Certified as quickly as possible, which you can access as soon as you join:
In addition to the resources available to all Participants on our content portal, we have created alliance partnerships with several select firms to help you plan, implement, and certify. Through this growing ecosystem of providers, your options to become resilient against cyber attacks are broader, deeper, quicker, cheaper and less risky than building it all independently.
Yes. If you use a Service Provider for core processing and elect to use their Data Vaulting Solution, you still need to join Sheltered Harbor to receive the services. You also need to develop your own Sheltered Harbor Resiliency Plan in order to achieve Sheltered Harbor Certification.
The following providers are currently developing Sheltered Harbor Vaulting Solutions:
If you do not see your provider, please contact them directly. They may have joined Sheltered Harbor, but not yet made public announcements. If they haven't joined Sheltered Harbor yet, either ask them to do so or send us a note with their contact information and we will reach out to them about joining the initiative.