Palo Alto Networks, IGCI sign pact to tackle cyber crime

Security company Palo Alto Networks today announced that it is formalising its cooperation with the Interpol Global Complex for Innovation (IGCI).
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, the company said in a statement.
Palo Alto Networks will be involved in the operational briefings at IGCI and vice versa.
"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," said Sean Duca, vice president and regional chief security officer for Asia-Pacific, Palo Alto Networks.

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, it added.
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, the release said.
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.