The European Union’s law enforcement agency, Europol, and the American global cybersecurity company Palo Alto Networks have signed a Memorandum of Understanding to expand their collaboration in combating cybercrime.

The agreement builds on the already on-going cooperation and will include the exchange of intelligence data and details of cybercrime trends and technical expertise.

“The close collaboration between law enforcement and the global industry is crucial to counter the increasing threat that criminals pose to the safety of the cyberspace,” said the chief of Europol’s Cybercrime Centre, Steven Wilson.

The cooperation will be reinforced through the dynamic exchange of cyber threat intelligence with a focus on building up expertise on new cyber threats such as adversary behaviours, malware families, and attack campaigns.