A new agreement between INTERPOL and Barclays marks an important development in public-private partnerships to more effectively combat cybercrime.
Barclays will become the first financial institution to have staff working full-time alongside police and other experts in INTERPOL’s Cyber Fusion Centre to enable effective information-sharing and response to imminent threats.
Based in the INTERPOL Global Complex for Innovation (IGCI) in Singapore, the Cyber Fusion Centre provides a neutral, global platform for law enforcement, the private sector and academia to work collaboratively, sharing actionable threat information and developing operational responses.
The agreement follows the recent publication of the World Economic Forum’s ‘Recommendations for Public-Private Partnership against Cybercrime’ which highlight the need for information-sharing and cooperation between business and law enforcement.
The agreement will formalize and broaden joint efforts in cyber security through intelligence sharing, training and awareness about cyber threats mitigation, and provide actionable recommendations for public and private institutions on strengthening their cyber resilience.
