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When it comes to valuable fraud and intrusion detection data, the financial industry has it made in the shade. They’re already sharing confidential information to analyze risk and fraud, said Alex Hutton, Research Principal for Verizon Business.

But what about all the other businesses that aren’t in the financial industry? They don’t have a flood of data, there’s very little sharing, and there’s definitely no standardization.

Enter VERIS or Verizon Enterprise Risk and Incident Sharing. This is an effort by Verizon Business to create “a common language for describing security incidents in a structured and repeatable manner.” In essence, Verizon is creating a framework and community for people to input their incident reports, share it, and Verizon will do the analysis for free, Hutton explains.