Earlier this week, Software giant Microsoft announced a new collaboration with the Financial Services Information Sharing and Analysis Center (FS-ISAC) to share cyber-threat intelligence when thwarting cybercriminals in an effort to better protect customers, partners and themselves.
Microsoft’s Richard Domingues Boscovich, assistant general counsel of the digital crimes unit, announced the partnership in a blog post, stating:
“This collaboration will provide valuable intelligence into the global threat landscape affecting the financial services industry, including distributed denial of service attacks and financial botnet attacks.”
Through the pilot program, Microsoft will make its Cyber Threat Intelligence Program feed readily available to FS-ISAC members for free.
The feed provides near real-time information on discovered malware infections affecting more than 67 million unique IP addresses, giving members the ability to identify infected network computers and wipe the malware, using the automated and confidential feed distributed through Microsoft Azure—Microsoft’s cloud platform.
Boscovitch added this initiative also comes from the company’s recent efforts to disrupt the Citadel botnet—the infamous malware attack stealing the banking information and identities of more than 5 million people, amounting to more than $500 million in losses.
“The tools of the trade for bank robbers have evolved from ski masks and getaway cars,” said Boscovitch. “Today’s thieves quietly lurk in the shadows of cyberspace where they employ computer code to target banks, businesses and customers to make off with millions of dollars without ever cracking a safe.”
Microsoft Digital Crimes Unit (DCU) comprises an international team of nearly 100 attorneys, investigators and forensic analysts and business professional, proactively working with law enforcement agencies such as the FBI, Europol and Interpol, to identify cybercriminals and shut down attacks.
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