On Thursday 27 September, representatives of Europol’s European Cyber Crime Centre (EC3) signed a Memorandum of Understanding (MoU) with the Cyber Defence Alliance Limited (CDA), a group of British-based banks and law enforcement agencies which work together to share intelligence and fight back against hackers and fraudsters. The MoU was signed by Maria Vello, CEO of the CDA and Steven Wilson (head of EC3) during a visit to the Europol headquarters in The Hague.
The purpose of this agreement is to address cyber threats affecting the banking and financial sector by organising activities, exchanging expertise such as Best Practice, statistical data, technical information or trends related to cyber crime and co-operating with each other when implementing projects.
On the signing of the MoU, Steven Wilson commented: “The Cyber Defence Alliance is a valuable partner for the EC3 and the signing of this MoU illustrates the logical next step in our mission to jointly tackle the threat of cyber crime. The CDA conducts important work in facilitating the sharing of information on cyber security incidents and is an essential partner in securing the global digital space. I look forward to our upcoming co-operation and joint projects.”
Maria Vello added: “The CDA is extremely proud to have signed the MoU with EC3. For us, EC3 is an invaluable strategic partner and critical in our quest to fight cyber crime and threats collectively and collaboratively across Europe and globally. EC3 adds a whole new dimension to the CDA to help enable our mission and to take a proactive approach to tackling cyber crime at all levels of the miscreant ecosystem of shared criminal services. Through our co-operative efforts, we will be able to help ensure a safer cyber future.”