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Cooperation to fight against fraudsters

04 October 2018

ON 27 SEPTEMBER Europol’s European Cybercrime 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 against hackers and fraudsters.

The MoU was signed by Maria Vello, CEO of the CDA and head of EC3, Steven Wilson, 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 cybercrime and cooperating with each other when implementing projects.

On the signing of the MoU, Head of Europol's EC3, 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 cybercrime. CDA does important work in facilitating the sharing of information on cybersecurity incidents and is thus an essential partner in securing the global digital space. I look forward to our upcoming cooperation and joint projects.”

Maria Vello, CEO of the CDA, said, “The CDA is extremely proud to have signed the MoU with EC3.  For us, EC3 is an invaluable strategic partner and critical to our quest to fight cybercrime 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 cybercrime at all levels of this miscreant ecosystem of shared criminal services.  Through our cooperative efforts we will be able to help ensure a safer cyber future.”