Facebook’s ThreatExchange to Help Cyber Security Experts Coordinate Their Efforts Against Hackers

April 9, 2015
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Hackers continue to target companies throughout the United States with cyber attacks. In 2014, cyber attacks hit a rapid pace never before seen. Target, Sony Pictures, and dozens of other companies were attacked in some form or another. Consumers lost their personal and financial information to thieves. On the other hand, Sony saw embarrassing internal documents and even unreleased films become public after attacks. Cyber security experts seem like they’re at a huge disadvantage in the current environment.

Hackers continue to target companies throughout the United States with cyber attacks. In 2014, cyber attacks hit a rapid pace never before seen. Target, Sony Pictures, and dozens of other companies were attacked in some form or another. Consumers lost their personal and financial information to thieves. On the other hand, Sony saw embarrassing internal documents and even unreleased films become public after attacks. Cyber security experts seem like they’re at a huge disadvantage in the current environment.

Hackers Seem Organized, Security Experts Helpless

It seems like a new cyber attack occurs every day now. Unfortunately, the public at large sees cyber security experts as helpless. Security companies and their experts often fail to share information between each other. That’s a major contributing factor to their seemingly defenseless position at the moment. In certain cases, hackers have banded together to attack their targets. Rarely have security experts teamed up and shared information to tackle the threats facing businesses and consumers today.
 
Facebook Releases ThreatExchange To Combat Cyber Attacks 

Recently, Facebook teamed up with Yahoo! and Pinterest to create ThreatExchange. The platform is best described as a social media network for IT security professionals. ThreatExchange aids in information security management by connecting security experts with each other. Through the platform. experts can coordinate their efforts and share their latest findings. Users are encouraged to share what they see as key vulnerabilities that allow cyber attacks to occur in the first place.

Facebook was already using a version of ThreatExchange internally to combat threats against itself. However, the company has now decided to form ThreatExchange with Pinterest and Yahoo! to help companies and IT security professionals. Most information security management platforms come with hefty fees to use. Facebook is bucking this trend by offering the platform free of charge, which is a welcome change for the industry. In the past, security experts hesitated to use the paid platforms after all. 

ThreatExchange A Welcome Solution For Security Experts

These days, cyber attacks are the biggest threat to companies and governments around the world. Even President Obama recently laid out a comprehensive plan to tackle cyber security issues. It remains to be seen what results Facebook’s ThreatExchange can produce. Still, any platform that brings cyber security experts together and encourages them to share data is a positive development. Hackers are only going to step up their efforts, and security experts need to respond with a concerted effort.