Facebook, Social Media

ThreatExchange : Facebook unveils platform for exchanging security threat information

Social Networking giant Facebook has just launched a new platform called ThreatExchange, which is designed to mount a coordinated defense against cybercrime.
Many security professionals rely largely on manual methods for collecting, analyzing, and consuming information about latest cyber security threats such as malware and botnets.
Whereas, Mark Zuckerberg’s ThreatExchange is a unique social media platform where multiple organizations can sign up and share information about new threats to cyber security, new types of hacks, phishing attacks and malicious activities they may have experienced.

In its fight against the botnets, malware and hackers, Facebook has realised that on its own it can only do so much so for ThreatEchange it has teamed up with several tech and big Internet companies.

Facebook says that the ThreatExchange will be worlds first scalable threat fight data center and will be used for exchanging security threat information.

“ThreatExchange is built on the existing Facebook platform infrastructure, and we layered APIs on top of it so that partner companies can query the available threat information and also publish to all or a subset of participating organizations,” Mark Hammell, the manager of the Threat Infrastructure team at Facebook, explained in a post.

He further adds, “Threat data is typically freely available information like domain names and malware samples, but for situations where a company might only want to share certain indicators with companies known to be experiencing the same issues, built-in controls make limited sharing easy and help avoid errors by using a pre-defined set of data fields.”

Hammell says that Facebook toyed with the idea of having such a kind of threat based analysis exchange a year ago, when Facebook, Pinterest, Tumblr, Twitter, and Yahoo had to collaborate and exchange attack information in order to stop a massive botnet-powered malware-slinging campaign that used all of their services to reach as many users as possible.

“Threats like malware and phishing typically go after multiple targets, and a successful attack at one place usually makes it easier to take over systems elsewhere. We share in each other’s fate,” Hammell noted.

“Our goal is that organizations anywhere will be able to use ThreatExchange to share threat information more easily, learn from each other’s discoveries, and make their own systems safer,” concluded Hammell.

Currently, ThreatExchange is only available in beta and interested participants can fill out a form on Facebook’s site in order to be a part of this initiative.

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