Europol and GCA will fight cybercrime through the exchange of information

Europol and the Global Cyber Alliance (GCA) signed a Memorandum of Understanding (MoU) to cooperate on decreasing systemic cyber risk and improving internet security throughout Europe and beyond.

As part of the MoU, Europol and GCA will fight cybercrime through the exchange of information on cybercrime trends and joint international projects to increase cybersecurity.

The two organisations will partner to offer best practice recommendations that help organisations secure their networks and domains through the Internet Immunity project. Europol and GCA will initially focus on improving adoption of the DMARC email validation policies, a vital tool that enables organisations to authenticate email and prevent spoofed and fraudulent email.

Additionally, as part of the common efforts in the fight against cybercrime, GCA has agreed to sign up as a supporting partner of the No More Ransom project. Due to continuous interest from public and private sectors, a third enlargement of the No More Ransom project is expected to be announced in the coming weeks.

“Cybercrime and cybersecurity are cross-cutting issues, and key tools must be developed to keep cybercriminals at bay. This is all the more important considering that other crime areas, like for instance terrorism and human trafficking, are becoming increasingly cyber-facilitated. Therefore, establishing MoUs with organisations such as GCA, designed to confront, address, and prevent malicious cyber activity, is in line with the priorities described in Europol’s 2016 Internet Organised Crime Threat Assessment (IOCTA),” said Rob Wainwright, Europol Director.

“We are bombarded with news reports of cyber attacks and breaches that compromise sensitive information or impair the operations of critical services or infrastructure, but greater awareness of the problem has not led to greater security,” said Phil Reitinger, President and CEO of the Global Cyber Alliance. “Cooperative relationships focused on outcomes, such as the one we are forging here today, will reduce systemic cyber risk in Europe and around the globe.”

Manhattan District Attorney Cyrus R. Vance Jr., said: “The partnership marks an opportunity for GCA to collaborate with European cyber experts and for members of Europol to learn about GCA and its innovative tools. As part of its core mission to reduce cyber vulnerability worldwide, GCA recently announced the release of powerful tools designed to combat phishing attacks and other cyber threats. These tools are free and available to organisations of any size, and it is my hope that through this partnership, others will be encouraged to develop and implement practical safeguards against malicious cyber activity.”