Canadian Cyber Threat Exchange to be launched in 2016
- Published: Tuesday, 15 December 2015 08:23
The Canadian Council of Chief Executives and a group of leading Canadian companies have announced plans for an independent, not-for-profit organization, the Canadian Cyber Threat Exchange (CCTX), to help Canadian businesses guard against cyber attacks.
Launching in 2016, the CCTX will work to share information about cyber threats and vulnerabilities among businesses, government and research institutions. It will provide its members and the general public with analysis of cybersecurity issues and act as a point of contact for cyber information-sharing organizations in other countries.
CCTX will enhance cybersecurity collaboration among private and public sector partners, strengthening their ability to protect critical infrastructure, sensitive or proprietary data, and customer information. By joining CCTX, smaller firms and institutions with more limited capabilities will gain access to timely threat information, toolkits and analytical capabilities that will improve their cyber defences.
CCTX will be a member-funded, not-for-profit organization. The founding members are: Air Canada, Bell Canada, Canadian National Railway Company, HydroOne, Manulife, Royal Bank of Canada, TELUS, TD Bank Group and TransCanada Corporation.CCTX will begin recruiting additional member companies of all sizes and means from across Canada in January 2016. Organizations interested in joining CCTX should contact email@example.com
The announcement of the launch of CCTX was welcomed by
The Honourable Ralph Goodale, Canada’s Minister of Public Safety and Emergency Preparedness. Mr Goodale said: “Cyberspace provides tremendous benefits to the quality of life of Canadians and to our national prosperity. We all share in the responsibility to protect those benefits from online threats. One of our best defences is our ability to work together and share information on existing and emerging cyber security threats, defensive techniques and other best practices. For this reason, the Government of Canada welcomes the private sector initiative to create the CCTX. It will facilitate collaboration amongst public and private sectors in Canada and will help us to identify, prevent and mitigate cyber risks more effectively. We look forward to working with the CCTX and its members to keep Canada and Canadians safe and secure.”