Facebook Builds Platform For Companies To Share Cybersecurity Threat data

Facebook launched “ThreatExchange” which is an Application Programming Interface (API) that allows companies to share information with each other about cyber attacks. A few companies including Facebook were demanding to stop a bonnet that was abusing their services to send spam. A manager of the Threat Infrastructure team at Facebook stated, “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.” ThreatExchange is built on Facebook’s infrastructure and the information includes domain names, malware samples, and other indicators of compromise. The platform allows companies to share certain information that share similar issues. The goal of this platform is for organizations to learn from each other and make their systems safer. “That’s the beauty of working together on security. When one company gets stronger, so do the rest of us.”

Do you think ThreatExchange is a good way for companies to share their information regarding systems and hacking? Do you think only social media sites are going to use this platform? Or do you think other industries will also use this platform? Why?

http://www.cio.com/article/2883034/facebook-builds-platform-for-companies-to-share-cybersecurity-threat-data.html