A luxury we don’t have: Time to join together in fight against cybercrime

As risks to governments and business continue to accelerate, collaboration with international agencies is the only way to fight cybercrime.

This is the view of the World Economic Forum’s Global Centre for Cybersecurity, which has stressed that in order to defeat malicious cyber-attacks, it cannot work alone.

The center was launched earlier this year to focus on cybercrime prevention and to protect and inform the financial industry about cybercrime, among other agendas.

It recently joined forces with Europol to exchange expertise and create a framework for best cyber practices.

And this year, it will continue to strengthen and increase its affiliations with other agencies.

Troels Oerting Jorgensen, the head of the WEF Centre for Cybersecurity, and former head of Europol’s European Cybercrime Centre, spoke to The Daily Swig about the new coalition and laid out its plans for 2018.

Was the cybersecurity center set up in response to any specific event?

Troels Oerting Jorgensen: The World Economic Forum has been working on cybercrime and cyber resiliencefor four years before the launch of the center.

Both public and private sector actors in the field repeatedly told us that they would like us to play a bigger role and apply the forum’s unique multi-stakeholder approach to the issue of cybercrime.

At the same time, we saw cybersecurity concerns climb up the list of things that keep CEOs up at night in our Global Risks Report.

Thus, the center is the logical consequence of the recognition that no one country, industry, or sector can address the challenges alone.

What have been identified as the main issues that the center will tackle?

TOJ:We have defined three priorities for the Centre for Cybersecurity: first, to reduce global cyberattacks by developing global security standards, policies and practices, and by promoting and implementing security by design.

Secondly, to contain current and future cyber-attacks globally through intensified cooperation and information sharing.

And thirdly, to deter cybercrime by heightening the risks associated with participating in illegal cyber activities, by means of reinforced collaboration between public and private partners.

Will the new cybersecurity center work alongside any other international organizations?

TOJ: The WEF is a platform that allows all types of organizations to come together to work on global challenges.

We believe that it is essential to get a broad coalition around the table if you really want to tackle issues that are global in nature and evolving so quickly.

For example, we just announced a new partnership with Europol to benefit from their extensive experience in digital forensics and enforcement.

Which companies has the WEF partnered with so far?

TOJ: We are aiming to have 50 companies and 25 governments engaged with the cybersecurity center by the end of this year.

For now, we are signing up partners by invitation only to make sure we have a representative mix of diverse sectors and industries from all geographies on board.

More: https://portswigger.net/daily-swig/a-luxury-we-dont-have-time-to-join-together-in-fight-against-cybercrime

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