Facebook builds platform for companies to share cybersecurity threat data
Wed 11 Feb 2015, 16:40

Facebook has built a platform where organizations can share information about the security threats they face in order to better fend off cyberattacks. Facebook unveiled the new platform, ThreatExchange, on Tuesday. The idea behind it was born over a year ago when several Internet companies, including Facebook, were trying to stop a botnet that was abusing their services to send spam.

Security vendors have long had private channels for sharing such data among themselves, but this form of collaboration has limits, because, after all, many of them are competitors and have business models built around providing security intelligence to customers as a service. Some companies also share information about attacks through dedicated industry groups, but this leaves them blind to attacks on companies in other industries that could later affect them too.