WEF launches Global Centre for Cybersecurity

The World Economic Forum (WEF) on 24 January 2018 launched the Global Centre for Cybersecurity to safeguard the world from hackers and growing data breaches.

The centre will help bring all the stakeholders together in warding off cyber criminals.

Global Centre for Cybersecurity

• Headquartered in Geneva, the centre will become operational from March 2018.

• Initially, the centre will reach out key industry players and G-20 countries to make this platform a success for dialogue and real-time action on cyber threats.

• The global centre will be an excellent opportunity to safeguard verticals like automotive and health care where wireless connectivity is the key.

• It will establish an independent cyber library of best practices and will strengthen cyber resilience and robustness.

• It will act as a think-tank, especially in determining future cybersecurity scenarios.

• It will assist regions which are less cyber developed in establishing their national/regional cyber strategy and certification in cyber preparedness.

• It will consolidate and advance the implementation of all existing cybersecurity initiatives.

What led to the launch of such centre?
Cyber breaches recorded by businesses are on the rise. In the last five years, cyber threats have almost doubled to an average of 130 breaches per business in 2017. Professional cyber criminals target high-value organisations like banks.

Immediate action is needed to create a safe operating environment for new technologies like Artificial Intelligence, Robotics, Drones, Self-Driving cars and the Internet of Things (IoT).

48th World Economic Forum annual meet begins in Davos