It isn’t that technology giants aren’t doing nothing about the large scale data breaches that are happening. To combat such threats, tech giants have decided to join hands and come up with measures that are a step ahead of the hackers. Certainly, fighting these threats individually isn’t helping anymore – rather, the demand of the hour is that we all unite and come up with a solution that is robust and efficient.

In February 2015, Facebook launched ThreatExchange – an API-based solution that offers security threat data to different companies that have united for this cause. In the early development stage, companies such as Yahoo!, Tumblr, Pinterest, Twitter, etc. joined hands. They provided their inputs that greatly contributed towards shaping the solution as we see it today. Gradually, others too showed interest in this cause and today Facebook has the contribution and participation of over 90 groups (companies are grouped basis the industry they belong to). Besides technology, there are groups that belong to educational and financial institutions as well as defense contractors.

What is ThreatExchange all about?

ThreatExchange is actually a platform that allows group members to collaborate and warn each other regarding a threat that may be attempting to intrude their database or system. It is the most remarkable weapon, against the next potential ‘spam king’, which you’ve been waiting for. In all, ThreatExchange helps you:

  • Identify hacking attacks and share your knowledge about attacks with other group members
  • Share common signs and traits that hackers display so as to identify the origin of the attack
  • Analyze the attack and share the findings with others in the group
  • Create a common knowledge pool to fight Internet-borne threats

So how’s Facebook putting this up?

Facebook stands at the background while companies publish content and pass on threat information to other members. Facebook keeps tab on the messages and pieces of data shared over this platform, through its own software. Members too use this software to share content. However, the difference is that, group members get to view the program as a regular security solution; whereas, Facebook ensures that the privacy conditions aren’t breached and that companies are able to smoothly share the data with members they wish to alert.

Facebook isn’t charging for this service and is only working towards securing the web and presenting it as a better and more secured place to be in.

As it appears now, ThreatExchange is sure creating the ripples as was expected. With several biggies coming together to stop the menace called ‘hacking’, we definitely can look forward to enjoying a secured web soon…