The global transition to the digital economy means that the operations of governments, critical infrastructures, businesses, and individuals are now a tightly integrated system of interconnected resources.
Cybercrime presents a significant risk to this new digital world, impacting everyone from individuals and companies to critical infrastructure and governments.
In its Global Risks Report for 2024, the World Economic Forum has identified AI-generated misinformation/disinformation and cyber insecurity as among the top risks facing the global community.
The forum has also pointed out that cybercrime is now the world's third-largest economy after the United States and China.
In addition to direct damages, cybercrime creates an enormous barrier to digital trust, undermines the benefits of cyberspace, increases global inequality, and hinders international cyber-stability efforts.
Despite the seriousness of the cybercrime challenge, efforts to fight cybercriminal activities to date have largely been uncoordinated and fragmented.
While there are certainly organizations and vendors committed to battling cybercriminals, isolated efforts struggle to make a dent in the concerted efforts of today's highly organized cybercriminals.
Since its founding, the need for a coordinated response to cybercrime has become even more urgent.
In response, the Centre for Cybersecurity established its Partnership against Cybercrime community.
Its first initiative, announced in January 2023 and led by World Economic Forum partners Fortinet, Microsoft, PayPal, and Santander, was to build the Cybercrime Atlas, a collaborative research platform designed to gather and collate information about the cybercriminal ecosystem and major threat actors operating today.
Now launched, this powerful open-source research tool is creating new insights into the cybercriminal ecosystem and will enable and accelerate the disruption of cybercrime.
The Cybercrime Atlas represents a significant paradigm shift in how we collectively address the cybercrime challenge.
This collaborative platform enables global businesses, national and international law enforcement agencies, cybercrime investigators, and threat intelligence researchers to proactively share knowledge and collate data about cybercriminal activities, the cybercriminal ecosystem, and major threat actors.
It also maps criminal activity worldwide and uses open-source research to help organizations understand and disrupt the cybercriminal ecosystem.
The Cybercrime Atlas builds a comprehensive picture of the cybercrime landscape, including criminal operations, shared infrastructures, and networks.
By mapping and documenting the cybercrime landscape, organizations can more efficiently and accurately track and trace cybercriminal activity, quickly identify threats and threat actors, and identify opportunities for coordinated action to fight cyberthreats.
As this database grows, organizations will be better able to identify, attribute, and thwart attacks in midstream, build proactive playbooks to protect against known and unknown threats, and generate policy recommendations-all of which will serve to make the unlawful efforts of the cybercriminal community increasingly cost-prohibitive.
The Cybercrime Atlas is a first-of-its-kind initiative, leveraging the efforts of dozens of organizations to drive real impact by creating a chain of disruption through the world of cybercrime.
Fortinet is proud to be one of the founding members of the World Economic Forum Centre for Cybersecurity, an active contributor to its Partnership against Cybercrime community, and founding member in the development of the new Cybercrime Atlas.
We are excited for the opportunity to continue to work with private and public sector leaders and national and international law enforcement agencies to help make our digital world a safer place.
This Cyber News was published on feeds.fortinet.com. Publication date: Mon, 29 Jan 2024 08:43:04 +0000