Global Cyber Nation to Fight Cybercrime

WASHINGTON, Nov. 28, 2011 /PRNewswire/ — Trend Micro, Inc. (TYO:4704; TSE:4704), a global cloud security leader, today announced that it will help to formally establish a “global cyber nation” to coordinate the international fight against cybercrime, at a government-supported round-table event to be held in Washington D.C., on 29th November 2011.The event follows the London Conference on Cyberspace and the recent FBI GhostClick operation, which saw international agencies working together to bring down the biggest cybercrime operation in history.

Trend Micro is one of the principal sponsors and founding members of the ICSPA (International Cyber Security Protection Alliance), which is leading the event. ICSPA is chaired by the Rt Hon David Blunkett, M.P. and was established with the support of the UK government to work alongside other governments and law enforcement organisations worldwide, to exchange expertise in the fight against cyber-threats. At the time of its launch in July 2011, it was described by British Prime Minister David Cameron as “a network powerful enough and wide enough to face down cybercrime.”

In line with Cameron’s comments, the central theme of the Washington event is that the range of cyber-threats that now exist, and the breadth of targets they seek (banks, pharmaceutical, aerospace and defence industries, intellectual property, citizen data, and financial data), is simply too extensive to be managed using country-specific defences. Instead, what is required is outreach and engagement to involve all friendly countries in a truly internationalised, federated defence of cyberspace.

John Lyons, CEO, ICSPA, said “We have called the round table Nation Building in Cyberspace, because if we’re all just ‘independent republics of’ then our defences are like a bunker – isolated, unconnected, useless against something like GhostClick, for example. The protection of the global cyber nation needs to look a lot more like the cloud computing model  – interconnected at every level, cross-boundary, perimeterless. This gives each member country a powerful, broad stake in the defence of the realm as a whole.”

The event comes in the wake of the online shopping frenzy that precedes Christmas, which is once again expected to form a major focus for organised, cross-border cybercriminal activity. Figures from IDC show that there are rich pickings to be had for the malefactors; from a survey of consumers in the U.S., it was found that:

  • The average online shopper spends $400 a year on goods of various kinds.
  • Computers, consumer electronics, toys and apparel are the top four items bought online.
  • Two of the most commonly phished sites are eBay and PayPal.

Each transaction is a potential mine of valuable personal and financial information for the cybercriminal.

 

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