On 27 September 2018, Europol’s European Cybercrime Centre (EC3) signed a Memorandum of Understanding (MoU) with the UK’s Cyber Defence Alliance Limited (CDA) to address cyber threats affecting the banking and financial sectors. Under the MoU, the parties shall organise joint activities, exchange expertise (e.g., best practices, statistical data, technical information, and trends related to cybercrime) and cooperate with each other when implementing projects.

CDA is a consortium of British-based banks and law enforcement agencies set up to collaborate in fighting, detecting, and preventing cyberattacks on financial organisations.