The signing ceremony took place at Europol’s headquarters in The Hague.
The signing ceremony took place at Europol’s headquarters in The Hague.

Europol and the Global Cyber Alliance (GCA) have signed a Memorandum of Understanding (MoU) to cooperate on decreasing systemic cyber-risk and improving internet security throughout Europe and beyond.

As part of the MoU, Europol and GCA will fight cyber-crime through the exchange of information on cyber-crime trends and joint international projects to increase cyber-security.

To this end, the two organisations will partner to offer best practice recommendations that help organisations secure their networks and domains through the Internet Immunity project.

Europol and GCA will initially focus on improving adoption of the DMARC email validation policies, a vital tool that enables organisations to authenticate email and prevent spoofed and fraudulent email.

Additionally, as part of the common efforts in the fight against cyber-crime, GCA has agreed to sign up as a supporting partner of the No More Ransom project. Due to continuous interest from public and private sectors, a third enlargement of the No More Ransom project is expected to be announced in the coming weeks.

During today's meeting, Europol's European Cybercrime Centre (EC3) delivered presentations on key developments and the challenges ahead in the area of cyber-crime.  

Regarding the newly-established MoU with GCA, Europol Director Rob Wainwright highlighted: “Cyber-crime and cyber-security are cross-cutting issues, and key tools must be developed to keep cyber-criminals at bay. This is all the more important considering that other crime areas, like for instance terrorism and human trafficking, are becoming increasingly cyber-facilitated. Therefore, establishing MoUs with organisations such as GCA, designed to confront, address, and prevent malicious cyber-activity, is in line with the priorities described in Europol's 2016 Internet Organised Crime Threat Assessment (IOCTA).”

“Organisations and law enforcement need to take a page from our approach — by sharing knowledge, methodologies, tools, and best practices,” said Troels Oerting, Global Cyber Alliance Board Chairman and Barclays Group Chief Security Officer (CSO) and Group Chief Information Security Officer (CISO). “GCA's partnership with Europol will strengthen our ability to work cooperatively across sectors and around the world to eliminate systemic risks to our cyber-security.”