Donald J. Trump, President of the United States of America and Klaus Schwab, Founder and Executive Chairman, World Economic Forum speaking during the Session "Special Address by Donald J. Trump, President of the United States of America" at the Annual Meeting 2018 of the World Economic Forum in Davos, January 26, 2018. Photo courtesy of World Economic Forum / Sandra Blaser

Davos, Switzerland - January 24-26, 2018

• Cyber-attacks could cripple economies, nation states and society without collaboration and robust defences

• Urgent action needed to create safe operating environment for new technologies like artificial intelligence, robotics, drones, self-driving cars and the internet of things

• Forum’s new Global Centre for Cybersecurity offers first platform for governments, companies and international organizations to diminish the impact of malicious activities on web

• The 48th World Economic Forum Annual Meeting is taking place on 23-26 January in Davos-Klosters, Switzerland, under the theme Creating a Shared Future in a Fractured World

The World Economic Forum announced today a new Global Centre for Cybersecurity to help build a safe and secure global cyberspace.

Donald J. Trump, President of the United States of America speaking during the Session "Special Address by Donald J. Trump, President of the United States of America" at the Annual Meeting 2018 of the World Economic Forum in Davos, January 26, 2018 Photo courtesy of World Economic Forum / Faruk Pinjo

The centre will be based in Geneva, Switzerland, and will function as an autonomous organization under the auspices of the World Economic Forum. 

Full congress hall during the speech of Donald J. Trump, President of the United States of America, in the Session "Special Address by Donald J. Trump, President of the United States of America" at the Annual Meeting 2018 of the World Economic Forum in Davos, January 26, 2018 Photo courtesy of World Economic Forum / Faruk Pinjo

The aim of the centre is to establish the first global platform for governments, businesses, experts and law enforcement agencies to collaborate on cybersecurity challenges.

As a truly borderless problem, cyber-attacks are surpassing the capacities and institutions that are currently dealing with this threat in an isolated manner.

Global Economic Outlook Martin Wolf, Associate Editor and Chief Economics Commentator, Financial Times, United Kingdom, Christine Lagarde, Managing Director, International Monetary Fund (IMF), Washington DC; Member of the Board of Trustees, World Economic Forum, Mark Carney, Governor of the Bank of England; Member of the Board of Trustees, World Economic Forum, Carrie Lam, Chief Executive of Hong Kong SAR, Haruhiko Kuroda, Governor of the Bank of Japan and Mary Callahan Erdoes, Chief Executive Officer, Asset and Wealth Management, JPMorgan Chase & Co., USA during the Session "Global Economic Outlook" at the Annual Meeting 2018 of the World Economic Forum in Davos, January 26, 2018. Photo courtesy of World Economic Forum / Benedikt von Loebell

Only through collaboration, information exchange and common standards can the global community successfully counter organized digital crime.

The Session "Global Economic Outlook" at the Annual Meeting 2018 of the World Economic Forum in Davos, January 26, 2018. Photo courtesy of World Economic Forum / Benedikt von Loebell

“If we want to prevent a digital dark age, we need to work harder to make sure the benefits and potential of the Fourth Industrial Revolution are secure and safe for society. The new Global Centre for Cybersecurity is designed as the first platform to tackle today’s cyber-risks in a truly global manner,” said Alois Zwinggi, Managing Director at the World Economic Forum and Head of the Global Centre for Cybersecurity.

Haruhiko Kuroda, Governor of the Bank of Japan speaking during the Session "Global Economic Outlook" at the Annual Meeting 2018 of the World Economic Forum in Davos, January 26, 2018 Photo courtesy of World Economic Forum / Sandra Blaser

New technologies like artificial intelligence, the internet of things and robotics and their application in sensitive areas such as finance, healthcare, telecommunications and mobility make it all the more important to keep up with the increasing speed and sophistication of cyber-attacks. 

Christine Lagarde, Managing Director, International Monetary Fund (IMF), Washington DC; Member of the Board of Trustees, World Economic Forum speaking during the Session "Global Economic Outlook" at the Annual Meeting 2018 of the World Economic Forum in Davos, January 26, 2018 Photo courtesy of World Economic Forum / Sandra Blaser

“Interpol is a natural strategic partner for the World Economic Forum’s Global Cyber Centre. Both are unique because their global dimension underpins our collective response against the cyber threat. Our partnership contributes to building effective security architecture against such global threats, bringing key interdependent actors together, including police and business,” said Jürgen Stock, Secretary General of Interpol.

Laurence D. Fink, Chairman and Chief Executive Officer, BlackRock, USA at the Annual Meeting 2018 of the World Economic Forum in Davos, January 25, 2018 Photo courtesy of World Economic Forum / Sikarin Thanachaiary

The cost of cybercrime to the global economy could go up to $500 billion annually, according to experts.

In comparison, the annual GDP of Switzerland in 2017 is estimated at $659 billion.

Dan Buettner, Founder, Blue Zones, USA speaking during the Session "Secrets to a Long and Happy Life" at the Annual Meeting 2018 of the World Economic Forum in Davos, January 26, 2018 Photo courtesy of World Economic Forum / Christian Clavadetscher

The World Economic Forum has recognized cybersecurity as one of the world’s most critical risks.

https://www.weforum.org/reports/the-global-risks-report-2018  

Shu Yinbiao, Chairman, State Grid Corporation of China, People’s Republic of China capture during the Session: The Great Energy Transformation at the Annual Meeting 2018 of the World Economic Forum in Davos, January 25, 2018 Photo courtesy of World Economic Forum / Sikarin Thanachaiary

In response, the new Global Centre for Cybersecurity will draw on the Forum’s government and industry support to work towards a more secure cyberspace through its established multistakeholder approach.

Justine Cassell, Associate Dean, Technology, Strategy and Impact, School of Computer Science, Carnegie Mellon University, USA, and K T Rama Rao, Minister of IT, Municipal Administration and Urban Development, Industries and Commerce, Public Enterprises, Sugar, Mines and Geology, and Non-Resident Indian Affairs of Telangana, India., speaking during the session Global Tech, Local Solutions: Artificial Intelligence at the Annual Meeting 2018 of the World Economic Forum in Davos, January 26, 2018 Photo courtesy of World Economic Forum / Mattias Nutt

“As one of the world’s largest dedicated security practices, BT is supporting the creation of a new Global Centre for Cybersecurity. We believe that closer, cross-border collaboration between the public and private sectors, in the form of sharing threat information and best practice, is critical if we are to succeed in combating cybercrime,” said Gavin Patterson, Chief Executive, BT Group, United Kingdom. 

Scott Vaughan, President and Chief Executive Officer, International Institute for Sustainable Development (IISD), Canada, speaking during the session, The Big Picture on Trade, at the Annual Meeting 2018 of the World Economic Forum in Davos, January 25, 2018. Photo courtesy of World Economic Forum / Ciaran McCrickard

The centre will focus on the following aims:

• Consolidating existing cybersecurity initiatives of the World Economic Forum

• Establishing an independent library of cyber best practices

• Helping partners to enhance knowledge on cybersecurity

• Working towards an appropriate and agile regulatory framework on cybersecurity

• Serving as a laboratory and early-warning think tank for future cybersecurity scenarios

The Promise of Precision Medicine The panel Nancy Brown, Chief Executive Officer, American Heart Association, USA, Jay Flatley, Executive Chairman, Illumina, USA, Scott Gottlieb, Commissioner, United States Food & Drug Administration, Vasant Narasimhan, Global Head, Drug Development; Chief Executive Officer-designate, Novartis Pharma, Switzerland, Tan Chorh Chuan, Executive Director, Office for Healthcare Transformation, Ministry of Health of Singapore, moderated by Linda Pizzuti Henry, Managing Director, Boston Globe, USA, speaking during the session, The Promise of Precision Medicine, at the Annual Meeting 2018 of the World Economic Forum in Davos, January 26, 2018. Photo courtesy of World Economic Forum / Ciaran McCrickard

For more information visit  www.weforum.org

Board during the Session "Suffering in Silence: Tackling Depression" at the Annual Meeting 2018 of the World Economic Forum in Davos, January 26, 2018 Photo courtesy of World Economic Forum / Christian Clavadetscher

Contact

Georg Schmitt
Head of Corporate Affairs
World Economic Forum
Tel.: +41 (0)79 571 8287;
Email: georg.schmitt@weforum.org  

Impressions at the Annual Meeting 2018 of the World Economic Forum in Davos, January 26, 2018. Photo courtesy of World Economic Forum / Faruk Pinjo

Impressions from the Annual Meeting of the World Economic Forum 2018, January 26, 2018. Photo courtesy of World Economic Forum / Benedikt von Loebell

Source: World Economic Forum 2018

https://www.weforum.org/press/2018  



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