The World Economic Forum on Thursday announced new internet security principles, developed by a group of leading ISPs and multilateral organisations, to help protect up to one billion users.
Unveiling the new initiative here at its 50th annual meeting, the WEF said BT, Deutsche Telekom, Du Telecom, Europol, Global Cyber Alliance, Internet Society, Korea Telecom, Proximus, Saudi Telcom, Singtel, Telstra and ITU endorse these new principles combatting high-volume cyberattacks, protecting up to one billion consumers in 180 countries.
While certain cyberattacks focus on specific organisations, the majority target the largest number of internet users possible. Such attacks are often relatively easy for cybercriminals to undertake and can cause serious harm.
The impact of indiscriminate malicious activity online can be significant and carries an estimated global price tag of USD 6 trillion in 2021, the WEF said. The new principles ask ISPs to protect consumers by default from widespread cyberattacks and act collectively with peers to identify and respond to known threats.
