Facebook unveils business-focused ThreatExchange cybersecurity platform

Facebook debuts new information-sharing platform where organisations can discuss cyber threats

Facebook has launched ThreatExchange, a platform that enables businesses to share advice and information about cybersecurity issues with each other.

The social media company has reportedly been working on the service for a year, after a number of cybersecurity threats to Facebook and other online organisations started to emerge. Its aim is to facilitate communication between cybersecurity experts, who can then work together to solve common problems.

Participating companies will be able to upload data on malicious domain names, malware samples and more.

The website for ThreatExchange says of the new platform: "Tools for sharing security information between organisations don't work if they are inefficient or too complex. That's why many teams end up trying to solve the same problems that others have already tackled."

Companies including Bitly, Dropbox, Pinterest, Tumblr, Twitter and Yahoo are already involved with ThreatExchange, in addition to Facebook.

Chris Boyd, malware intelligence analyst at security vendor Malwarebytes, said: "There are many ways for dedicated security companies to share data, but a platform where organisations who provide services such as cloud storage, social networking and email, can share threat intel is an intriguing proposition.

"Given the mainstream penetration of such offerings amongst consumers and businesses nowadays, it could be an interesting way of getting these companies more deeply involved in protecting Internet users in general."

Organisations can take part in the beta program by filling out the form on the ThreatExchange website.

"We quickly learned that sharing with one another was key to beating the botnet because parts of it were hosted on our respective services and none of us had the complete picture," Mark Hammell, manager of the threat infrastructure team at Facebook, wrote in a blog post.

"That's the beauty of working together on security. When one company gets stronger, so do the rest of us."

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