A global centre for Cyber security, all Thanks to WEF.

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A global centre for Cyber security, all Thanks to WEF.

In a bid to safeguard the world from hackers and growing data breaches — especially from nation-states — the World Economic Forum (WEF) on Wednesday announced a new Global Centre for Cybersecurity.

Headquartered in Geneva, the centre will become operational from March. Hacker attacks and data breaches have become a serious threat.

On Jan 25th 2018, The World Economic Forum (WEF) announced the launch of a new Global Centre. For Cybersecurity to build a safe and secure global cyberspace.

“Cyber security has been the most pressing issue of our times. We badly need a platform to ward off cyber criminals. The centre will help bring all the stakeholders together in achieving that.” Alois Zwinggi, Managing Director, WEF, said during a panel discussion.

What does the centre aims at acheiving?

The centre aims at consolidating existing cybersecurity initiatives of the WEF. And Working towards an appropriate and agile regulatory framework on cybersecurity.

It is focused in establishing an independent library of cyber best practices, helping partners to enhance knowledge on cybersecurity. And also to serve as a laboratory and early-warning think tank for future cybersecurity scenarios.

WEF said the aim of the centre is establish a global platform for governments, businesses, experts and law enforcement agencies. To collaborate on cybersecurity challenges.

Such collaborations, information exchange and common standards. Are the only ways the global community can successfully counter organised digital crime.

Organised cyber crimes have intensified recently.

Cyber security threats are getting bigger in scale. Criminal abuse of virtual currencies is happening at a faster rate. Data breaches are impacting billions of users.

The banking sector is always on the radar of professional cyber criminals. As it caters to high-value transactions and it is very essential to safeguard these activities.

The centre will cater to cross-border collaboration between the public and private sectors. In the form of sharing threat information and best practice,that will help in  combating cybercrime.

With the World moving towards new technologies like Artificial Intelligence, robotics, drones, self-driving cars and the Internet of Things (IoT), it is essential to create a safe and secure operating environment.

Published: January 27, 2018
Last updated: March 1, 2024


Mubasshir Pawle
Mubasshir Pawle serves as the COO of Eiosys, where his role is pivotal in leading the custom software development team. A developer at heart, Mubasshir thrives on creating bespoke software solutions, leveraging his mastery in Node.js, Flutter, and React.js technologies. His significant contributions to Stack Overflow underline his commitment to the tech community. With a track record of delivering hundreds of mobile apps and websites globally, Mubasshir's technical acumen and dedication have been instrumental in Eiosys's success.

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