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00:00IBM IS PUTTING TOGETHER IN EXCHANGE FOR THOUSANDS OF COMPANIES. >> IN TODAY'S WORLD, THE PHYSICIANS ARE NOT SHARING THE DATA. THE GOVERNMENTS DO NOT HAVE THE METHODOLOGIES TO SHOW THE DATA. THE HOSPITALS, THE CYBER SECURITY VENDORS WANT TO KEEP THAT DATA PRIVATE AND USE IT FOR COMPETITIVE ADVANTAGE. WHAT WE HAVE DONE IS REALLY ABLE STAT FOR IBM AND WE'VE TAKEN OUR POOL OF THREAT INTELLIGENCE DATA, OVER 700 TERABYTES WORTH SPANNING ALMOST 20 YEARS, IT IS HIGHLY ACTIONABLE INTELLIGENCE AND WE'RE PUTTING THAT INFORMATION OUT THERE FOR FREE SO ANYBODY CAN ACCESS IT AND REALLY TAKING -- LET'S GO COMPETE ON THE ANALYTICS AND THE INTELLIGENCE WE CAN GATHER OUT OF THESE PRODUCTS. BETTY: SO ARE OTHER COMPANIES PUTTING THEIR INFORMATION ON THIS EXCHANGE? >> ABSOLUTELY. WE HAVE HAD 1000 COMPANIES JOINING THIS EXCHANGE. SIX OF THE TOP 10 RETAILERS, FIVE OF THE TOP 10 BANKS, AS WELL AS COMPANIES IN EVERYTHING FROM AUTOMOTIVE TO TRANSPORTATION TO UNIVERSITIES HAVE ALL GAINED THE X-FORCE EXCHANGE AND CAN NOW SHARE THREAT INTELLIGENCE DATA BUT ALSO HOW THAT EVOLVES. MUCH LIKE HEALTH CARE, IF THIS WAS A HUMAN VIRUS, THESE THINGS CONTINUE TO EVOLVE AND MORE FAMILY SEE THEM APPEARING IN DIFFERENT PLACES. THAT IS A BIG PART OF THIS,

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IBM Looks to Fight Cybercrime Using Analytics

Caleb Barlow, VP of global cybersecurity at IBM, talks with Betty Liu about the company’s X-Force Exchange, an initiative to combat cybercrime. He speaks on “Bloomberg Markets.” (Source: Bloomberg)

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