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Tech companies develop security against cyberattacks

More than a dozen companies in the cybersecurity space are developing a single, open standard for sharing data about hacking threats.

The project by the companies could help organizations detect cyberattacks more quickly.

The initiative, which involves Amazon, Cloudflare, CrowdStrike, IBM, Okta and Salesforce, among others, aims to solve problems in the sharing of threat information.

According to the companies, a mismatch can cause delays in understanding how a cyberattack may be unfolding because data from one tool often must be converted into a compatible format to work with another tool.

A top cybersecurity executive at Amazon Web Services, Mark Ryland said having a holistic view of security-related data across tools is essential for customers to effectively detect, investigate and mitigate security issues.

Customers tell us that their security teams are spending too much time and energy normalizing data across different tools rather than being able to focus on analyzing and responding to risks.”

The new standard known as the Open Cybersecurity Schema Framework was announced on Tuesday at the Black Hat cybersecurity conference in Las Vegas.

CEO of the cybersecurity firm, Erkang Zheng said normalizing data prior to ingestion has been one of the biggest pain points for security professionals, and the universal framework proposed by the Open Cybersecurity Schema Framework simplifies the time-consuming step and enables better and stronger security for all.

Writing by Chinasa Ossai; Editing by Tina Oyinsan