Sharing Computer Network Logs for Security and Privacy: A Motivation for   New Methodologies of Anonymization
  Logs are one of the most fundamental resources to any security professional. It is widely recognized by the government and industry that it is both beneficial and desirable to share logs for the purpose of security research. However, the sharing is not happening or not to the degree or magnitude that is desired. Organizations are reluctant to share logs because of the risk of exposing sensitive information to potential attackers. We believe this reluctance remains high because current anonymization techniques are weak and one-size-fits-all--or better put, one size tries to fit all. We must develop standards and make anonymization available at varying levels, striking a balance between privacy and utility. Organizations have different needs and trust other organizations to different degrees. They must be able to map multiple anonymization levels with defined risks to the trust levels they share with (would-be) receivers. It is not until there are industry standards for multiple levels of anonymization that we will be able to move forward and achieve the goal of widespread sharing of logs for security researchers. 
Adam J. Slagell and William Yurcik