 Good morning everyone and welcome to this press conference on the second day here live from Davos This is the 48th annual meeting of the World Economic Forum. Obviously, you managed to Make your way through the snow. So thank you for being here. Welcome Welcome also to our live stream audience on Facebook periscope and wherever you're watching you're your most welcome This press conference is dedicated to the launch of the Global Center for Cybersecurity by the World Economic Forum And we're very pleased to have a fantastic expert panel on that particular subject here today Let me introduce my fellow panelists to you to my immediate left We're joined by Alois Zwingi who's a member of the managing board of the World Economic Forum and in this case more importantly Also the head of the new global center for cyber security to his left We're joined by Kim Coro. She's the president for cyber security solutions and senior vice president at Qualcomm Technologies based in the USA Right next to her. We're joined by Rob Wainwright Who's the director of Europol or European police office, but I think you're all familiar with the term Europol And last but definitely not least we're joined by Stanislav Kuznetsov the deputy chairman of Spurbank From Russia. Thank you very much for being here and we're looking forward to hearing you on This topic but first Alois let me introduce let me invite you to tell our audience What do we have in mind with a global center for cyber security? Why is the World Economic Forum active in that area, please? Thank you, Georg. Good morning Clearly cyber security has in the last Years become one of the world's most pressing issues. So the cost of cyber crime is globally currently estimated to be around 500 billion dollars annually and it clearly shows no signs of slowing. So cyber security also affects now all Aspects of society including economic growth as such addressing the topic is really important for us the forum as a International organization for public-private cooperation clearly sees a need here for much greater collaboration in that space And so through the launch of that global center for cyber security We are committed to achieve as safe as safer cyberspace by rendering more robust and more resilient The center will look at the different challenges and issue Presented by cyber security and engage governments and private sector to find common solution to these issues Now let's look at the five areas where the forum will Focus on in that center first of all we want to continue the implementation of Existing forum cyber security initiatives such as their recommendations for public-private Partnership against cyber crime, but also the cyber resilience playbook for public-private cooperation that we just launched Here before this annual meeting. We also want to establish a repository for cyber information Crucial that private sector and public sector actually share information Globally on what's going on in that space. We also believe we have a unique opportunity to bring together private sector and public sector in providing educational opportunities For private sector, but also for public sector especially in countries where currently we see a lot of potential for the strengthening of cyber security We also will work on recommendations for appropriate regulatory frameworks on cyber security and last but not least We will work on defining future cyber security scenarios Just think about the impact of quantum computing on Cryptography and cryptology in the in the years to come so these issues cannot be tackled alone Partnership and alliances are required therefore for the center to encourage more cooperation Communication we expect to add value to the work of governments But as well the private sector by bringing together stakeholders in the field of cyber security to find long-term solutions The autonomous global center for cyber security will be located in Geneva and operational as of March I use a term autonomous because it will be part of the World Economic Forum's Foundation structure, however, it will have its own organization and it will also have its own infrastructures Members of these centers will be comprised of global companies from industries most impacted by cyber security And on the government side, we will work with G20 and other relevant governments and also international organizations To have a very active collaboration. So through the forums past projects in the cyber domain We really identified this missing space for a platform for dialogue on cyber security a great deal of initiatives and Projects already exist in that space all over the world But we think that a need for a public-private partnership on a global level will address Some of these challenges presented by cyber threats and risk so to conclude We aspire for that center to lead the way in catalyzing much greater cooperation in Diminishing the impacts of malicious activities on the web by addressing all threats from a public-private partnership perspective Thank You always Kim let's hear from you as a representative of the private sector here But also as a representative of a company that's very active in that space Cyber security solutions What's your perspective? How big is the need for for more collaboration globally? Thank you, and it's a pleasure being here this morning Let me start with some background from a Qualcomm perspective Our technology has powered the mobile wireless ecosystem since the rise of digital communications And also most recently during third and fourth generation cellular with a smartphone revolution But where we sit right now is in a very powerful time because we are about to lead We are leading in the fifth generation of wireless which is going to be exponentially enhanced performance on networks and what that means in our view is it's going to be as revolutionary as Electricity and the automobile was because when you look at today and connectivity you have people on their smartphones primarily and Hooking into the internet, but now there's going to be billions of devices that are going to be interconnected And when you think of all of those connectivity vectors You can imagine how much more cyber security becomes an even greater challenge now at Qualcomm We have quite an emphasis on security in our product development we believe in designing security in and also though we look at it from a complete end-to-end Capability and so what that means is we already collaborate within our industry substantially because we had to work with the Equipment manufacturers the network manufacturers the carriers the cloud providers, but that collaboration While it's excellent and ongoing to look at security enhancements needs in my view and our view to be rise to a global Focus and that collaboration is something that doesn't just happen It really takes a lot of relationship building and on the public private perspective Our view is that the global center is going to be an excellent opportunity To have to build those relationships to have Understanding across all the various verticals. They're going to start connecting. There's going to be new business models in health care Automotive there already is so many issues in the existing verticals that are using wireless connectivity I want to comment on the fact that I was honored to be able to participate in the Preparation meeting for the global center in November and it was a meeting where there were Industry public private folks in the room and one thing that was very very clear on all the topics that we covered is The fact that there is so much expertise So much wisdom and yet such a need for sharing a perspective and building that trust Where both the public and the private folks can define? How do we have actionable? Information sharing and I think from my optic that is what we need is to be Regularly in the room ahead of the cyber crisis as the designs are being made as the cyber crime issues are Exponentially going to be increasing Thank You Kim Rob. You're representing the law enforcement here So what's your perspective on global cooperation? Obviously you're also globally active But also as a second question already. Do you feel that the CEOs that the business leaders obviously apart from the From the panelists left and right to you have understood the the significance of the threat I think they're beginning to and let me first start by congratulating Alevis and his colleagues in the forum for for making cyber security a really top-billing issue at this year's Forum, I've been working with the forum for the last six or eight years on helping to build Cyber and other other initiatives this year is a big deal and it's clear from business leaders that I'm meeting here that they're They're getting it much better and and I think that's that's testimony to to the work of of the World Economic Forum and Of course the the establishment of the Global Center for Cyber Security is another very important signal around that just as well, I think because from what I see across the landscape of Cyber security threats in the world Particularly focused in Europe is that this is a threat that's becoming more complex more challenging is becoming Bigger in scale. We're up to 4,000 ransomware attacks. This is ransomware has become the number one malware problem Powered especially by the criminal abuse of virtual currencies We saw the impact of the famous now want to cry impact last year Tens of thousands companies around the world We're seeing data breaches that are now impacting billions not millions, but billions of of of users As well, we're seeing a trend towards critical services including banking sector, for example really now in the firing line as these professional cybercriminal syndicates go after Higher value targets in in in a more targeted and precise way. We're seeing behind that Enormous forums on the dark net that that are underpinning this this cybercriminal Economy and also a growing integration a blending of state sponsored activity and knowledge and And cybercriminal activity. So this the nature of the threat is challenging And it means that we have to work very hard Together in response. Now. I know most of that because at Europe Paul We we run the European European cyber crime Center Bringing hundreds of companies and law enforcement agencies together to exchange intelligence. I think in a very enterprising way And it allows us to run around 200 very high-profile international investigations a year. So we are finding a way To fight back as well and the success of that is as has only been possible by our ability To build networks and to use data across those networks to understand the problem better And use it as the basis by which to respond in operational terms. Now, however, please. I am with the work. We do at Europe Well, it's not nearly enough And there's only a certain reach that we have and that's why I'm so delighted that the world economic forum with its unique Networking capability is now establishing this global center for cyber security Because it will interconnect a large Dynamic very important business communities of purposes of raising awareness spreading best practice all of the Initiatives are Lewis talked about. I think we'll take us to a new level of public-private cooperation And there's absolutely full support from the law enforcement community. I represent in Europe And I congratulate this the forum on on the establishment of the center today Thank you Rob Stanislav you're representing a major global financial institution here on the panel And I I would think that cyber security is very much on the top of your mind I hope you're you're still sleeping. Well, but what's your perspective on on cyber security? And it's especially on this idea of more information sharing and a stronger global cooperation Good morning colleagues It is great pleasure for me to be here with you today and to take part in this press conference on behalf of Per bump group, I would like to say that we support the foundation and the quick launching of the global center for cyber security and We are very good understand and we are absolutely sure that This that this center will become the Special public-private platform for three or several very important directions I think first of all we can we can receive the unique platform for For Mutually beneficial collaboration and cooperation between business and state institutions you know, we need a New dialogue and new discussion platform for finding of new regulations new new Rules and you may be guidance for our practices secondly We can receive the Effective tools for information sharing information sharing between law enforcement and public private companies and finally and this is very very important we we can have in near future The reliable expertise and research center providing independent analysis Independent evaluations independent assessment in cyber security area and to being not only the Largest bank in Russian Federation and in Eastern Europe But also the most advanced technology company in our region We are very good to understand that We can make a solid contribution to the development of this center For example, we We are ready to provide other part partners with unique information about Activities of the large group of cyber criminals and we have this information about activities Of cyber criminals which operate in finance industry on International level today and we will be happy to share this information With law enforcement with our colleagues We will share information in our best practices our techniques techniques, which we use to secure our core systems in our clients and It is my strong belief that Nowadays the global center for cyber security Is one of the most promising cyber security initiative in the world And I sincerely hope is it we will follow the ideas of Honored and respected Jean-Luc We about Global approach to struggle against cyber criminals Maintain this idea is this ideas all over the world and Develop them food for him. Thank you. Thank you Stanislav and for those of you watching We're very grateful for your mark here Jean-Luc V was the colleague who's been very Central to the work preparing the center. He and he Unexpectedly passed away just before Christmas. So we appreciate We appreciate you mentioning him. He's dearly missed and all of this work would not have been possible without his contribution Thank you so far to my panelists We have some time for question and answers Before I open the floor, I'd like to ask one question That we got through social media It is an interesting question and we've been working on cyber crime and fighting cyber crime for several years now We had sort of press conference over the years and we always get this question now Let's take the hypothetical case a company is being hacked And Would you say the company is allowed to hack back? Yes or no? Who who wants to volunteer for that question? Ask one of the companies here presents Well played wrong well played Kim you feel you can you can answer that one I Think we should see what you say for the cyber center perspective. Ah, Louise. Okay I think that's particularly the reason why this center is needed to bring public and private sector together And actually to develop together measures and develop together strategies On on how to combat that I think we now with such a question We really move into very legal grounds and that is also An area where our center can play a strong role because what we what we're talking about is that currently countries have their laws and Maybe that answer might be different answer differently in one legislation and and and another So my first take on this question would be I think that's one of the main reasons Why where we can add value by starting to think about the protocols? How to react in in such a in such a situation? Yeah, I think I think that's a good point Louise and there are very significant legislative differences between countries of course I would encourage every company to stay within the law, of course And this is sometimes on the edge of that And of course in the end, you know, we are we are better than them on we so We we should make sure that our practices are right And proper as well That's not to say that the companies should not be very enterprising in their in their ability to monitor the threat So by having a monitoring capability in the dark net for example Is is a sensible thing to do especially if in these forum chat forums You know, there are there is discussion between criminals about how to target your particular company So there are ways of doing this that are more enterprising than the art in the moment But still critically within the boundaries of the law, of course And I would just like to add that it's absolutely important to continue to vigilantly understand what the vulnerabilities are and The hope is that you aren't in the crisis when you're trying to determine what to do But to build the information sharing ahead of the crisis and education and drawn the entire ecosystem of experts whether it's researchers We for instance at qualcomm We're the first silicon company to do a bounty for folks that would find vulnerabilities And so that we can get all of that information I'd like to say very simply it takes a village a very global one Okay, and I would like to add as well and This center this is our opportunity to to improve our collaboration and I remember very good last year The conference in singapore interpol and web conference in singapore and very interesting discussion on this conference And we discussing we discussed about Improving of our cooperation and we have only now One way road about our information sharing And what it was very interesting discussions We have now very very good opportunities to to create Two ways road between business and between states institutions and law enforcement as well. Thank you. Thank you If I might add add to this I think what happened last year is especially in boardrooms the topic of cyber security and cyber attacks have moved has moved from a technological problem to a risk management problem and And I think organizations are increasingly aware that they have to prepare Their boards their senior management's on the areas of cyber attacks and As they have had in the past on on other business risks and business continuity Issues somebody used to say, you know in in in a company every year They would do a fire drill and even the CEO would have to make sure that he knows where to go If a fire breaks out on his floor and I think the same applies To cyber attacks nowadays where literally the whole management needs to be very clear what to do in in a case like that Thank you. Alois. We have time for one or two questions We have a microphone if you could state your name and organization for the sake of our audience, please Hello, my name is Maria Agnes. I'm a journalist from news agency Ria Novosti and actually I have a question to mr. Cousins of if I may So as Bergbank is deeply involved in the cyber security In cyber security work and awareness in russia and also globally Um, you had the center the competent center for cyber security within a digital economy program in russia And my question is could you please tell us more about what the what is the progress in this field and what are your plans there? Thanks. Thank you very much. Thank you for your question Yeah Do you know Bergbank really run? Uh the spatial center for Competence of competence in new Russian government program digital economy and this center of competence in on cyber security field And we began our work for Four months ago and We began our work from Um To collect the community business community for discussing about our for discussing our problems and we made Diagnostic The entire problems in cyber security field in our country And we collected I think 400 experts from from business companies and russian business companies and it was great work for Uh find different problems and after this work we began to made Plan for activities and now we have more than 500 activities in this plan And we send this plan to our government and we are involved now in government russian government program Um digital economy in cyber security field in cyber security area and Very important that we all very good understand that The criminals cyber security cyber criminals today and hackers don't have national board now and we have to Collaborate more more more together In our country in the road as well Thank you. Thank you very much. Do we have any other questions? Still thinking about it that allows me to ask one more question that came in through our social media So we have a lot of students and young audience following us on social media obviously and they they've been asking Okay, if I want to work in the future in the in the field of cyber security What should I study? What kind of training should I get? Very practical question. I know but maybe you want to try and And and certainly I'm thrilled to hear that folks are maybe wanting to be in the field because one of the things that we identified In the cyber center of preparatory meeting was the dire need for talent in in this area So the first thing I would say is big opportunity. Please go into this field Um, certainly there's the technology piece and I think that goes without saying understanding information systems and so forth But really as you look at the complexity of what we're talking about I think you want to study public policy. You want to have an idea you want to have an understanding of global policies You um and have a understanding of how there's different cultures and different reactions. I also think that In addition, it would be very helpful to pay attention to some of the economic ramifications of cyber so that you understanding what those investments need to be I think what we need to see a change in Is folks that come And have the understanding of the value that security brings and the value As opposed to the cost and that takes a broader perspective than just being a technologist and creating the capabilities Let me just add one one thing to that as well data science I think is becoming more and more important in this field and we've seen that as europeal how we're collecting Large amounts of data from multiple source points how we're applying modern data analytical capabilities and how that really does power A better insight, but there are not enough data scientists there And the business of having enough people who can analyze data who can make sense of it I think is is a hugely important part for the future But I agree with the point you made that um, it's great that there are more and more people That are willing to are interested in studying this because we don't have enough talent And I just want to add in addition to that you reminded me. Thank you The whole space of machine learning and artificial intelligence is going to absolutely be a very valuable Education to have because the way we are going to conquer this is more and more intelligence and rapid Healing and updating and artificial intelligence. I have a lot of hope for is really going to help this problem Thank you Stanislav you wanted to add I would like to add one small point For us, it's very very important to develop Cyber security culture and cyber security education. I think it is very very important for us If I can also add from from our point of view I think I heard a number that currently or soon about 200 million two million experts are Needed in that field. So clearly we talk here about a war for talent coming towards us And and I think that awareness building can only start early enough I think we really have to start targeting primary school who's with with this and really work up the whole educational chain So this capacity building this educational opportunity area is clearly one of the focus areas that the center wants to work on And we've had very interesting and encouraging conversations with regional development banks So for example the inter-american development bank has seen that they could really support The activities of the center through potentially funding Capacity building projects in latin american countries. And so I think again the the forum's platform of of being A place where international organizations, businesses and private sectors can come together Could really be one of the places where we can push this This need or to push this solution also for more talents and more capabilities in in cyber security expertise Thank you, alice We're almost out of time But I want to ask one last question because we we were very we thought it was quite a funny question that came in through social media Has any one of you ever clicked on an email where somebody promised that you won the lottery? You really want me to tell the truth? Please go ahead um, ironically our corporation runs Lots of fire drills on that and I was very proud up until about six months ago because I'd never fallen for one And they got me so fortunately. It wasn't real. It was my own company But that's pretty embarrassing when you've got the cyber security title that you fell for it So it's on the record now. Well, you learned from it. So thank you for sharing gentlemen Did this ever happen to you? I'm delighted that I win the lottery every day No, me too as well and we have special learning for every our members in this field as well For our phones and for our computers Yeah, I was targeted once That I had a long lost relative in spain with a similar name But I knew that I don't have any relatives in spain. So at least I was spared from this one I'd be interested to hear the spanish version of your name Zwingy, but unfortunately we've run out of time. Thank you very much for being here. Thank you very much for my panelists Thank you very much for watching keep watching throughout the rest of the week You'll see more activities on cyber security more workshops more discussions So it's a topic that will stay with us for sure. Thank you very much