New pact marks closer public-private collaboration in combating cybercrime, globally
Palo Alto Networks has announced that it is formalising its cooperation with the INTERPOL Global Complex for Innovation (IGCI). Palo Alto Networks is the first cybersecurity company to sign a Data Exchange Agreement (DEA) with INTERPOL.
This agreement aims to combat criminal trends in cyberspace, cyberthreats and cybercrime globally through sharing threat information generated by Palo Alto Networks and Unit 42, its threat intelligence team. Palo Alto Networks will be involved in the operational briefings at INTERPOL and vice versa. A threat intelligence expert from Unit 42 will be assigned to collaborate with the IGCI, helping provide a clearer understanding of the current landscape, which can equip law enforcement officers with powerful information needed to prevent successful cyberattacks.
While the agreement formalises the cooperation between Palo Alto Networks and INTERPOL, both parties have long been in collaboration. Early this year, Palo Alto Networks was one of seven private sector companies that provided support to an INTERPOL-led operation targeting cybercrime across the ASEAN region, resulting in the identification of nearly 9,000 command-and-control (C2) servers as well as hundreds of compromised websites, including government portals.
Palo Alto Networks recent State of Cybersecurity in Asia-Pacific survey revealed that 44 per cent of organisations across Asia-Pacific have already started sharing threat information with other companies in their industry. This agreement extends the kind of information sharing needed across industries, public and private organisations to close the gap between network defenders and cyber adversaries and maintain trust in our digital way of life.
QUOTES
‘Tackling cybercrime is not something that law enforcement can do in isolation. Cooperation with the private sector is essential if we are to effectively combat this global phenomenon. INTERPOL’s agreement with Palo Alto Networks is an important step in our ongoing efforts to ensure law enforcement worldwide has access to the information they need to combat cyberthreats which are a significant issue for both the public and private sectors’.
– Noboru Nakatani, executive director, ICGI
‘Cybercrime represents a significant amount of risk for businesses and organisations today. This collaboration marks a mutual commitment to information sharing, which is necessary in preventing successful cyberattacks. Together with INTERPOL, we can continue to raise awareness and educate business leaders and reduce the collective cybersecurity risk over time.’
– Sean Duca, vice president and regional chief security officer for Asia-Pacific, Palo Alto Networks
About Palo Alto Networks
Palo Alto Networks is the next-generation security company, leading a new era in cybersecurity by safely enabling applications and preventing cyber breaches for tens of thousands of organisations worldwide. Built with an innovative approach and highly differentiated cyberthreat prevention capabilities, our game-changing security platform delivers security far superior to legacy or point products, safely enables daily business operations, and protects an organisation’s most valuable assets. Find out more at www.paloaltonetworks.com.
