#CyberFLASH: Canadian Cyber Threat Exchange ready to start membership push

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After months of planning the country’s first national IT threat service has issued its first threat report to a few early members and is ready to launch a campaign to expand its numbers, including lowering its fee for small businesses.

”We didn’t want cost to be a barrier to people being able to get in,” Robert Gordon, executive director of the Canadian Cyber Threat Exchange (CCTX) said Wednesday in explaining why the introductory fee for a small business was cut from $5,000 to $2,000 a year.

“Part of this is to raise cyber resiliency [among Canadian firms] as broad as we can.”

For the lower fee members will still get threat reports, but won’t be allowed to download electronic data feeds into their systems. Gordon said it was felt small companies wouldn’t benefit from that service. The exchange will discuss with these companies if there are other services that can be added.

Mid-size businesses can join for $20,000 a year and will be allowed to exchange threat data electronically (when it goes live early next year) and named access to the exchange’s proprietary knowledge database.

Gordon also said the exchange’s first monthly report was shown Wednesday at a closed symposium in Toronto for companies that have already signed up or are in the process of becoming paying members. Eventually that report will be issued weekly to members. Also, by the second week in February the exchange will have a portal the sharing of electronic threat data and an online collaboration space for members.

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