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Business community unites to fight cyber threats

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Date: December 11, 2015

Related Issues Innovation and Competitiveness

The Canadian Council of Chief Executives and a group of leading Canadian companies today announced plans for an independent, not-for-profit organization, the Canadian Cyber Threat Exchange (CCTX), to help Canadian businesses and consumers guard against cyber attacks.

Launching in 2016, the CCTX will work to share information about cyber threats and vulnerabilities among businesses, government and research institutions. It will provide its members and the general public with analysis of cybersecurity issues and act as a point of contact for cyber information-sharing organizations in other countries.

“Cybersecurity is top of mind for companies and institutions around the world,” said The Honourable John Manley, President and CEO of the Canadian Council of Chief Executives. “CCTX will help member firms and organizations of all sizes by allowing them to gather, analyze and disseminate information about cyber attacks and mitigation options, and by building awareness of emerging cyber threats.”

CCTX will enhance cybersecurity collaboration among private and public sector partners, strengthening their ability to protect critical infrastructure, sensitive or proprietary data, and customer information. By joining CCTX, smaller firms and institutions with more limited capabilities will gain access to timely threat information, toolkits and analytical capabilities that will improve their cyber defences. Canadian consumers will similarly gain access to free resources that will help them identify and guard against cyber threats, including identity theft and fraud.

CCTX will be a member-funded, not-for-profit organization. The founding members are: Air Canada, Bell Canada, Canadian National Railway Company, HydroOne, Manulife, Royal Bank of Canada, TELUS, TD Bank Group and TransCanada Corporation.

CCTX will begin recruiting additional member companies of all sizes and means from across Canada in January 2016.  Organizations interested in joining CCTX should contact info@cctx.ca.

For more information, please visit www.cctx.ca

 

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