NIST eyes IT asset management for financial services industry

A team of federal, state and local cybersecurity experts is looking for partners to develop an IT asset management system that can help the financial services industry protect its critical IT gear from electronic attack.

According to a May 6 notice in FedBizOpps, the National Institute of Standards and Technology and the National Cybersecurity Center of Excellence (NCCoE) are seeking collaborators to provide products and technical expertise in creating a model, standards-based system that financial services companies could use to integrate existing asset management technology, hardware and software support, and IT security into a single system.

NCCoE is a partnership among NIST, Maryland and Maryland's Montgomery County that facilitates the rapid adoption of standards-based cybersecurity solutions for business and public organizations using commercially available technologies.

IT assets in the financial services industry range from company smartphones and laptops to major database and network servers. Managing those assets is a complex task that goes far beyond keeping track of where they are, the FedBizOpps notice states. Software -- both operating systems and programs -- must be kept up-to-date, and organizations must be able to rapidly and seamlessly respond to new threats from malware or cyberattacks. An IT asset management (ITAM) system is the answer to those challenges, NIST officials said in a statement.

NCCoE is looking for technology vendors interested in working on a "reference design" to demonstrate how companies can tie their existing data systems for physical assets and IT into a comprehensive ITAM.

Details of the challenge are outlined in a recently released ITAM "use case" -- a tool software engineers use to define a system's functional requirements.

About the Author

Mark Rockwell is a staff writer at FCW.

Before joining FCW, Rockwell was Washington correspondent for Government Security News, where he covered all aspects of homeland security from IT to detection dogs and border security. Over the last 25 years in Washington as a reporter, editor and correspondent, he has covered an increasingly wide array of high-tech issues for publications like Communications Week, Internet Week, Fiber Optics News, magazine and Wireless Week.

Rockwell received a Jesse H. Neal Award for his work covering telecommunications issues, and is a graduate of James Madison University.

Click here for previous articles by Rockwell. Contact him at or follow him on Twitter at @MRockwell4.

FCW in Print

In the latest issue: Looking back on three decades of big stories in federal IT.


  • Anne Rung -- Commerce Department Photo

    Exit interview with Anne Rung

    The government's departing top acquisition official said she leaves behind a solid foundation on which to build more effective and efficient federal IT.

  • Charles Phalen

    Administration appoints first head of NBIB

    The National Background Investigations Bureau announced the appointment of its first director as the agency prepares to take over processing government background checks.

  • Sen. James Lankford (R-Okla.)

    Senator: Rigid hiring process pushes millennials from federal work

    Sen. James Lankford (R-Okla.) said agencies are missing out on younger workers because of the government's rigidity, particularly its protracted hiring process.

  • FCW @ 30 GPS

    FCW @ 30

    Since 1987, FCW has covered it all -- the major contracts, the disruptive technologies, the picayune scandals and the many, many people who make federal IT function. Here's a look back at six of the most significant stories.

  • Shutterstock image.

    A 'minibus' appropriations package could be in the cards

    A short-term funding bill is expected by Sept. 30 to keep the federal government operating through early December, but after that the options get more complicated.

  • Defense Secretary Ash Carter speaks at the TechCrunch Disrupt conference in San Francisco

    DOD launches new tech hub in Austin

    The DOD is opening a new Defense Innovation Unit Experimental office in Austin, Texas, while Congress debates legislation that could defund DIUx.

Reader comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

More from 1105 Public Sector Media Group