FireEye, Europol tag team on cybercrime detection

The organizations will share threat knowledge in order to detect and stop cybercriminals within Europe.

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Europol

FireEye and Europol have announced plans to share threat knowledge on cybercrime in order to detect threats early and better keep European citizens out of harm's way.

Announced on Monday, Europol's European Cybercrime Canter (EC3) and cyberforensics firm FireEye said they have signed a Memorandum of Understanding (MoU), which will allow for the exchange of knowledge and expertise on cybercrime.

The focus of the MoU is the areas of early detection of cybercrime threats, as well as statistics on trends.

Wil van Gemert, Deputy Director of Operations at Europol said that in order to combat cybercrime effectively, law enforcement and industry players need to work more closely together. When there is a shortage of skilled individuals with knowledge of cybersecurity in the law enforcement network, finding this expertise elsewhere only makes sense.

The EC3 focuses on cybercrimes conducted by organized groups and gangs, online fraud, exploitation -- such as child pornography -- and cyberattacks which damage critical infrastructures and information systems within the European Union, whereas FireEye offers real-time threat protection to the enterprise.

Richard Turner, President EMEA, FireEye, said:

"The threat landscape is changing every day and organisations need to try and stay one step ahead of the attackers.

Working with Europol means that, as well as granting early access to FireEye's threat intelligence, FireEye will be able to respond to requests for assistance around threats or technical indicators of compromise in order to assist Europol combating the ever increasing threat from cyber criminals."

In this case, FireEye provides the cybersecurity expertise and skills, while Europol provides the law enforcement clout needed to track down and arrest criminals.

It is not unusual for government agencies and cybersecurity firms to team up to combat online threats. In June, Europol teamed up with partner organizations across Europe to crack down on a cybercrime ring which is believed to have developed and distributed ZeuS and SpyEye malware, often used in financial fraud campaigns.

Earlier this year, FireEye announced plans to team up with financial services provider Visa through a cyberthreat intelligence-sharing program.

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