Global cyber body launched at Davos to tackle $445 billion threat

Global cyber body launched at Davos to tackle $445 billion threat

Global cyber body launched at Davos to tackle $445 billion threat

LONDON: The Global Center for Cybersecurity was launched at the World Economic Forum in Davos on Wednesday as governments and corporations respond to the growing threat of online attacks estimated to cost $445 billion a year. The new body aims to strengthen cyber resilience and establish an independent library of best practices with the aim of identifying different attack scenarios. It will be located in Geneva and become operational in March, WEF Managing Director Alois Zwinggi told a press conference on Wednesday morning.

Global cyber body launched at Davos to tackle $445 billion threat