How shared know-how can defend against cyberattacks more effectively.
Because cyber threats cross borders and often require coordinated responses, alliances and coalitions of companies and institutions formed to defend themselves together are gaining relevance.
Information exchange as a key element
A key element of cybersecurity alliances is the sharing of information across organizational boundaries, current threats, and incidents. This has the advantage that member organizations can use this information to react more quickly to new threats and protect themselves effectively. Additionally, a coordinated response can be initiated in the event of large-scale and professionally organized cyberattacks or significant threats.
Shared threat intelligence solutions enable the aggregation of data from multiple sources to create a complete picture of the current and potential threat landscape. These sources includes public databases, forums, network traffic and even internal system data.
Best practices and advanced technologies
By collaborating on cybersecurity, companies can also develop advanced technologies, new best practices and common standards, resulting in a much more effective protection and defense. Finally, the key is to develop resilient structures and arm in-house personnel to respond to cyber threats, which is much easier to do when there is a shared, large knowledge base.
Mastering collective challenges
While cybersecurity alliances offer significant benefits, there are also some challenges that must be addressed when working together:
- Confidential corporate information must be protected.
- The coordination between members from different jurisdictions must be properly organized.
- The continuous updating of best practices in a rapidly changing cyber environment must be a consideration.
Global cybersecurity alliances at a glance
Call for EU-wide cooperation
Overall, alliances and coalitions are gaining importance in the fight against cybercriminals that are equally well connected. This is where in our highly interconnected world, shared expertise can provide a significant advantage over isolated efforts.
In addition, according to the 2023 TÜV Cybersecurity Study, 98% of respondents think that policymakers should step up their efforts to promote an EU-wide cooperation on cybersecurity. And once legislators have created the necessary fundamental conditions, there is nothing to stand in the way of joint actions by government, industry, and science.