The Intelligence Network was launched in July to address the lack of collaboration between companies in tackling cyber crime, as criminals begin to develop similar capabilities to hostile nation states.
It followed a government announcement in April that criminals were launching more online attacks against British businesses than ever before, and called for more collaboration to thwart this.
The new forum will be spearheaded by senior figures from organisations which produce hundreds of billions of dollars of revenue and are being threatened by cyber attacks.
The members of steering committee, which are to have their first meeting on Wednesday 29 August, are:
:: James Hatch, director of cyber at BAE Systems
:: Andrzej Kawalec, security CTO at Vodafone
:: Paul Lynch, CISO at ITV
:: Roxanne Morison, principal policy adviser at CBI
:: James Sullivan, cyber programme lead at RUSI
:: Mark Swift, CISO at Trafigura
:: Peder Jungck, vice president of intelligence solutions at BAE
:: Christina Richmond, program vice president at IDC security services
:: Sian John, executive security adviser at Microsoft
:: Jonathan Luff, co-founder at CyLon
The committee could look at producing a research agenda for academic institutions and helping researchers to secure funding by showing that their work will have an impact on society.
It will also look at contributing to government policy, although the trans-jurisdictional nature of the internet has limited the value of single-state solutions.
Speaking to Sky News, the director of cyber at BAE, James Hatch, said that the technology sector had crashed head first into the older-fashioned nation state view of the world where the government does all the thinking.
“We’re seeing a shift in who bears the burden,” Mr Hatch said, regarding the onus on companies to collaborate more and share intelligence on cyber security threats.
He added that as the steering committee was yet to meet, the network was being deliberately broad and agnostic about what direction it would go in.
As a business forum it could “change the economic structure slightly” for start-ups, he said, pooling demand or changing regulatory incentives.
The minutes of the steering committee meeting would be published for the network’s 700 members afterwards, Mr Hatch added.