Friday, May 15, 2015

IBM Cites Fast Progress with X-Force Exchange Threat Intelligent Network

One month after launching its X-Force Exchange, IBM has gained participation from more than 1,000 organizations across 16 industries.

The X-Force Exchange provides open access to historical and real-time data feeds of threat intelligence, including reports of live attacks from IBM’s global threat monitoring network.  The Exchange, which is powered by IBM Cloud, already holds 700 terabytes of threat intelligence.

 "Cybercrime has become the equivalent of a pandemic -- no company or country can battle it alone," said Brendan Hannigan, General Manager, IBM Security. ““We have to take a collective and collaborative approach across the public and private sectors to defend against cybercrime. Sharing and innovating around threat data is central to battling highly organized cybercriminals; the industry can no longer afford to keep this critical resource locked up in proprietary databases. With X-Force Exchange, IBM has opened access to our extensive threat data to advance collaboration and help public and private enterprises safeguard themselves.”

"Cybercrime continues to grow in sophistication and organization, we understand that there is power in numbers to fight back," said Rob Bening, Chief Information Security Officer, ING Bank. "Sharing threat information via IBM's X-Force Exchange initiative is a big step toward better understanding potential attacks and anticipating measures to mitigate them.