Just when we need more confidence from our global leaders regarding managing the risks related to global cyber-security and how it affects where we work and where we live, we are introduced to a report this week released by the EastWest Institute and the IT security conference held in the Spring of 2010 in Dallas, TX., —and — unfortunately, the news is not very encouraging.

This international forum which began its cybersecurity initiative by establishing the Worldwide Cybersecurity Initiative in 2009 and then sponsoring “The First Worldwide Cybersecurity Summit: Protecting the Digital Economy”  held in 2010, quickly determined that there was a wide array of problems in trying to oversee and manage cyberspace — some of which are: (1) the Global Community lacks a commonly agreed-upon definition of what “cybersecurity” means , (2) the private sector and the public sector have not worked together effectively to protect cyberspace, (3) companies don’t have an incentive to build security into network equipment, networks and services, largely because consumers are not yet really aware of their own risk, (4) diplomatic assets assigned to the problem are inadequate, (5) there are no agreements similar to the Geneva Convention governing information warfare, and (6) States are too parochial in their thinking about online security to collaborate on crafting global cyber security related regulations.

Additionally, from a polling of the participants attending the 2010 Summit, it was further determined that:  

61% anticipate the impact of losing global connectivity for an extended period of time to be catastrophic with irreversible consequences;
66% say a reaction to cyber warfare is needed now or is long overdue;
66% think home users need to take more responsibility for cybersecurity;
66% view their government’s maturity as low regarding international cooperation in cybersecurity;

To learn more about the predicted next steps in the international effort to protect cyberspace and read the full report of this worldwide cybersecurity summit, CLICK HERE.

Perhaps this information will help your organization in some way, as it too, makes every effort to mitigate this critical area of cybersecurity risk.  Please suggest adding it to the reading reference library of your business continuity, disaster preparedness and risk management teams in your organization.

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