Technology / Global Cyber Alliance launched to prevent cyber crime

Global Cyber Alliance launched to prevent cyber crime

The New York County District Attorney’s Office, City of London Police and the Center for Internet Security have formed a Global Cyber Alliance (GCA) to prevent malicious cyber activity.

City of London Police

The GCA launched at the Combating Financial and Cyber Threats Affecting Global Financial Centres is an international, cross-sector effort designed to confront, address and prevent cyber-attacks.

Manhattan District Attorney Cyrus R. Vance, Jr, says: “A crime prevented is far better than a crime prosecuted. But when information about a cyber-threat or attack is not divulged, other institutions – and perhaps entire industries – remain vulnerable. Serving as a voluntary clearinghouse, the Global Cyber Alliance will share and disseminate this kind of crucial information across sectors in real time.

“Currently, the cyber landscape is dotted with entities that are either for-profit or divided by region or industry. The Global Cyber Alliance has no such restrictions or limitations, crossing borders and sectors in an effort to map, understand, and thwart cybercrime, with no profit motive attached, and no goal other than the prevention of future crimes. We are inaugurating a new, better, international approach to fighting this global problem.”

The GCA will be headquartered in New York City and London and will focus on building a stronger global cyber landscape.

City of London Police Commissioner Leppard, says: “Protection from cyber-attacks is a huge challenge for businesses and organisations across the globe. The threat doesn’t respect national borders or legal jurisdictions and the solution to the challenge should recognise this. This announcement should be a sign that the partnership between our nations can continue to protect us today and into the future from those that would use technology against us.”

As a not-for-profit organization, it will bring together many global experts in cyber security, including security operations centres, key global organizations and associations, security emergency incident response teams, development and research centres, Information Sharing and Analysis Centres (ISACs), and other critical stakeholder organizations and individuals.

Members will identify global threats, form action teams, and design approaches to confront and prevent these threats.

Global Cyber Alliance Strategic Adviser Will Pelgrin, former CEO and President of the Center for Internet Security, says: “Cyber-crimes have become a worldwide epidemic with estimates of a half billion global cyber victims annually. We must treat cyber security threats and crimes as we would any widespread infectious disease – immediately, urgently and collectively.

“Cyber risks have reached catastrophic proportions and, therefore, require an unparalleled, public/private and transnational response. The GCA is a not-for-profit operational organization that was created to confront these cyber risks by building a cyber-ecosystem for positive change.

“Bringing transnational/cross sector global leaders and cyber experts together will truly make a difference by focusing on a common mission that is driven by an altruistic approach. The Alliance concept is simple but powerful – collectively, we are much more powerful to act than individually.”

To protect its members and the public at large, the GCA will not collect any Personal Identifiable Information, and will only possess what is voluntarily provided – data that describes or identifies the attackers’ information, such as location or infrastructure, and the threats associated with them.

The growing list of partners and leaders who have already joined the GCA include leaders from security, defence, retail, healthcare, insurance, energy, aviation, education, law enforcement, government, and finance institutions, including American Express, Barclays Bank, Citibank, US Bank, and the Financial Services ISAC.

The Manhattan District Attorney’s Office has committed $25 million in criminal asset forfeiture proceeds to fund this critical work – an initial investment of $15 million over the first three years with an additional $10 million to follow.

The GCA will seek additional funding from members and partners. The City University of New York’s Institute for State and Local Governance is acting as the technical consultant for this effort.

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Photo © André Gustavo Stumpf (CC BY 2.0). Cropped.


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