Cyberattacks are increasing in volume and sophistication, affecting an ever-greater number of people and institutions. Through artificial intelligence (AI), the Internet of Things (IoT) and other new technologies, the threat surface and vulnerability are growing, spinning out in new threat areas facing citizens, consumers, companies and countries. To fight increasing cybercrime, the global community needs to overcome three major challenges: lack of trust, lack of cooperation and a lack of adequate skills.
The first Annual Gathering of the World Economic Forum’s Centre for Cybersecurity ended today with calls to action and the launch of several new initiatives by the more than 140 cybersecurity experts from government, business, academia and law enforcement to address these three challenges.
Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, stressed the need to ensure a cyberspace that serves as a trusted and secure backbone for the Fourth Industrial Revolution if its opportunities are to be realized. “Cybersecurity is an absolute priority for the Forum,” he added.