Barclays is to become the first bank to have a cybercrime analyst working full-time alongside police at Interpol's Cyber Fusion Centre to improve information-sharing and response to imminent security threats.
Interpol's centre in Singapore allows law enforcement, the private sector, and academia to work together, sharing threat information and developing responses.
The Barclays cybercrime analyst will join other experts from Cyber Defense Institute, Kaspersky Lab, LAC, NEC, SECOM, Trend Micro, the University of South Australia, and the University of Waikato in New Zealand who are already based at the Interpol Global Complex for Innovation (IGCI).
"The scale and complexity of today's cyberthreat landscape means cooperation across all sectors is vital," said Noboru Nakatani, the IGCI's executive director.
Interpol said its agreement with Barclays will broaden joint efforts in cybersecurity through intelligence sharing, training, and awareness about cyber threats mitigation, and providing recommendations for public and private institutions on strengthening their cyber-resilience.
Barclay's Group Chief Information Security Officer Troels Oerting said: "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."
Banks are among the businesses most commonly targeted by cyber criminals. Last month HSBC said it had defended itself against a major DDoS (Distributed Denial of Service) attack and was working closely with law enforcement authorities to pursue the criminals responsible.