it risk management

WEF publishes cybersecurity principles to halt cybercrime

Warwick Ashford

The World Economic Forum (WEF) has published a set of guidelines on cybersecurity and resilience to help international businesses win the war against global cybercrime.

Developed throughout 2011, the initiative sought the views of global chief executives to establish a critical focus on securing perimeters, interdependence and resilience. 

Cybersecurity is an issue that no one organisation can resolve by itself,” said Alan Marcus, senior director, head of IT and telecom industries for the WEF USA.

“A multi-stakeholder approach must be taken. As such, we developed these principles, which are aimed at all organisations, regardless of industry, sector, jurisdiction, geography, or even level of expertise,” he said.

 

Membership of the Partnering for Cyber Resilience (PCR) project is open to all companies, regardless of their affiliation with the WEF.

Deloitte acted as advisors to the PCR project, and steering board members include the director of Europol and the chief executives of the BT Group, CA Technologies, the Chertoff Group, and Tata Consultancy Services.

“The initiative underscores Deloitte’s commitment to leading the discourse on establishing principles designed to provide organisations with a model for cyber resilience,” said Jolyon Barker, managing director, global technology, media and telecommunications, at Deloitte.

The widespread adoption of these principles is likely to raise business standards and contribute to the shared goals of economic stability and prosperity, said Barker.

Participating companies collectively recognise the interdependence of all private and public sector organisations in the global, hyperconnected environment, and each organisation recognises its own role in contributing to a safer, more resilient digital environment, the WEF said.


 

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