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The international police body Interpol and Barclays have made a public-private partnership agreement on cybercrime. Barclays will become the first financial institution to have staff working full-time alongside police and others in Interpolโs Cyber Fusion Centre for information-sharing and response to imminent threats.
Based in the Interpol Global Complex for Innovation (IGCI) in Singapore, organisers say the Centre provides a neutral platform for law enforcement, the private sector and academia to work, sharing actionable threat information and developing operational responses.
The agreement follows the recent publication of the World Economic Forumโs โRecommendations for Public-Private Partnership against Cybercrimeโ which highlighted a need for information-sharing and cooperation between business and law enforcement.
IGCI Executive Director Noboru Nakatani said: โThe scale and complexity of todayโs cyber-threat landscape means cooperation across all sectors is vital. Interpolโs agreement with Barclays is an important step in our continued efforts to develop a global alliance in combating cyber-threats which are a significant issue for both the public and private sectors.โ
The agreement formalises joint efforts in cyber security through intelligence sharing, training and awareness about cyber threats mitigation, and provides actionable recommendations for public and private institutions on cyber resilience.
Group Chief Information Security Officer at Barclays Troels Oerting said: โI am proud to represent the first institution in the financial services industry to sign a comprehensive agreement with Interpol and to deploy a Barclays Cybercrime Analyst to the Interpol Global Complex for Innovation. This cooperation is an important step for Barclays, and for the whole industry, to ensure business continuity, maintain security and enable trust with our customers. Preventing cybercrime and keeping our citizens safe from being victims of crime in cyberspace is a global task and cannot be done without the involvement of Interpol.โ
The Barclays cybercrime analyst will join others from Cyber Defense Institute, Kaspersky Lab, LAC, NEC, SECOM, Trend Micro, the University of South Australia and the University of Waikato in New Zealand already based at the IGCI.
