Facebook has introduced a new platform dubbed ThreatExchange for the security community which will facilitate easy exchange of threat intelligence amongst service providers.
ThreatExchange is designed to provide an open approach to security which will allow service providers to protect user data in a better way and will equip them to tackle spam and malware.
The platform will also consist of privacy controls which will allow the participants to protect sensitive data by allowing users to share information with only few members who might be experiencing similar attacks.
Bitly, Dropbox, Facebook, Pinterest, Tumblr, Twitter, and Yahoo have already joined the ThreatExchange as partner which is open in beta.
Facebook said: "Faced with these trade-offs, Facebook suggested an API approach that builds on our internal ThreatData system to create a social platform designed for sharing indicators like bad URLs and domains."
"We are committed to protecting people’s privacy, and we built controls into the platform to help people share with only their intended group every time."
"Participants choose from a defined set of data types that exclude categories of sensitive data, and a number of safeguards help ensure that threat data isn’t accidentally shared broadly."
