4 things ISPs can do to reduce the impact of cybercrime

cyber crime

(Credit: Unsplash)

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum.

Author: Amy Jordan, Lead, Cybersecurity Delivery, World Economic Forum & Arwa Alhamad, Cybersecurity Enablement Director, Saudi Telecom Company


  • ISPs are in a unique position on the frontline of cybercrime.
  • A group of telecom companies has developed a set of principles for ISPs.
  • These set out how ISPs can reduce the global impact of cybercrime.

The role of internet service providers (ISP) in protecting critical national infrastructure cannot be ignored. As Saudi Telecom Company (stc) Group’s CEO Nasser Sulaiman Al Nasser stated during a recent cybersecurity conference: “Cyber-risk is a business issue. It is not the responsibility of one department. The safest businesses are the ones where everyone is aware, knowledgeable and vigilant.”

Every day, an average of 8,497 stc customers’ machines are actively infected by malware and an average of 13,000,000 requests for access to risky domains are initiated. All ISPs play a unique role in global online ecosystems – and in their privileged position as carriers of internet traffic, often have the ability to stop criminal behaviour at the source. They can also work with their customers and their significant supply chains in order to drive the adoption of good practice.

A group of global telecoms companies has been working with the World Economic Forum on an initiative which seeks to address cybercrime at its root and to protect consumers from high-volume online threats. Stc is delighted to have had the opportunity to collaborate on this initiative and in the development of the Principles for Internet Service Providers, which is being launched at this year’s World Economic Forum Annual Meeting in Davos.

The principles we have developed seek to address some of the most indiscriminate high-volume crimes, such as phishing e-mails, distributed denial of service (DDoS) attacks and the distribution of malware across unsuspecting users’ devices. The impact of these attacks is potentially significant. Phishing, smishing and social engineering attacks are now experienced by 85% of organizations, while stc Group comes under DDoS attack on average 70 times a day.

The principles set out four key ways in which telecoms operators can have an impact on reducing the impact of global cybercrime:

1) ISPs can make an impact by protecting their customers by default from known attacks and by collaborating with peers. This means that when ISPs see their networks being used to perpetrate criminal activity, they should act decisively to prevent the consequences from reaching their customers. The working group that developed the principles also recognized the importance of collaboration in defending against attacks. Sharing information about known threats can help stop criminals in their tracks and interrupt attempted attacks more swiftly.

2) ISPs have a role in raising awareness and improving understanding of how to respond to attacks, both across their customer bases and more broadly. Participants in the initiative highlighted many ways in which their companies and other bodies help to raise awareness and build skills. For its part, stc offers various measures to help customers protect themselves from online threats, from live monitoring centres to e-mail security tools.

3) ISPs have a role to play in driving good behaviours through their supply chains – in particular with vendors who provide hardware to consumers, which can often be an easy route through which to conduct an attack. Telecommunications infrastructure must also be shored up in order to avoid being compromised. Stc, like the other operators involved in this work, has a robust supply-chain management process to ensure each third-party supplier goes through strict security-related scrutiny, adheres to their cybersecurity requirements and undergoes cybersecurity audits.

4) The principles also identify more technical ways in which ISPs can help to prevent attacks that seek to undermine the very nature of internet protocols and the routing of online traffic. For this purpose, stc has adopted machine-learning methods to allow the real-time detection and prevention of fraudulent attempts against customers; the potential losses from fraud carried out on services provided by telecom and ISPs have been valued at $32.7 billion annually.

The cost of cybercrime is rising in most sectors
The cost of cybercrime is rising in most sectors
Image: Accenture Cost of Cybercrime Study 2019

Through the development of these principles we aim to raise awareness of the important active role that ISPs play in making life harder for cybercriminals and in securing global online ecosystems. We hope these principles will serve to generate a dialogue between service providers and governments on how the principles can be adopted in a transparent and consistent way around the world.

Currently the incentives for ISPs to act are not always aligned with financial and regulatory drivers. Ultimately, we seek to generate a debate at the most senior levels around how ISPs can activate their privileged positions to make a real difference to online security and to make life harder for cybercriminals and reducing the benefits of malicious perpetration.

What is the World Economic Forum doing on cybersecurity

The World Economic Forum Platform for Shaping the Future of Cybersecurity and Digital Trust aims to spearhead global cooperation and collective responses to growing cyber challenges, ultimately to harness and safeguard the full benefits of the Fourth Industrial Revolution. The platform seeks to deliver impact through facilitating the creation of security-by-design and security-by-default solutions across industry sectors, developing policy frameworks where needed; encouraging broader cooperative arrangements and shaping global governance; building communities to successfully tackle cyber challenges across the public and private sectors; and impacting agenda setting, to elevate some of the most pressing issues.

Platform activities focus on three main challenges:

Strengthening Global Cooperation for Digital Trust and Security – to increase global cooperation between the public and private sectors in addressing key challenges to security and trust posed by a digital landscape currently lacking effective cooperation at legal and policy levels, effective market incentives, and cooperation between stakeholders at the operational level across the ecosystem.Securing Future Digital Networks and Technology – to identify cybersecurity challenges and opportunities posed by new technologies and accelerate solutions and incentives to ensure digital trust in the Fourth Industrial Revolution.Building Skills and Capabilities for the Digital Future – to coordinate and promote initiatives to address the global deficit in professional skills, effective leadership and adequate capabilities in the cyber domain.

The platform is working on a number of ongoing activities to meet these challenges. Current initiatives include our successful work with a range of public- and private-sector partners to develop a clear and coherent cybersecurity vision for the electricity industry in the form of Board Principles for managing cyber risk in the electricity ecosystem and a complete framework, created in collaboration with the Forum’s investment community, enabling investors to assess the security preparedness of target companies, contributing to raising internal cybersecurity awareness.

For more information, please contact info@c4c-weforum.org.

At the upcoming Global Cybersecurity Forum, hosted by the Kingdom of Saudi Arabia’s National Cybersecurity Authority, and under the patronage of the Custodian of the Two Holy Mosques King Salman Bin Abdulaziz Al Saud, stc will explore some of these issues in greater detail and initiate a dialogue between providers and governments on how to secure a transparent and open internet, to protect the world from a range of easily preventable online threats.

The Global Cybersecurity Forum, which will take place in February 2020 as Saudi Arabia assumes the G20 presidency, will bring together a range of government officials, C-suite executives, international organizations and other key stakeholders drawn from expert communities and academia. Together, they will seek to highlight and elevate dialogue, actions and initiatives to create a global cybersecurity roadmap that aims to build a secure, resilient and prosperous cyber world for all.

the sting Milestone

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

Factory workers are facing a mental health crisis. Here’s how to respond

UN chief hails ‘positive developments’ towards ending political crisis in Bolivia

Russia accepts what the EU has to offer and settles to negotiate with Ukraine

This lethal fungus is threatening to wipe out the world’s bananas

Why India can show us how to achieve growth with purpose

4 ways the way we make things can change for a sustainable world

Coronavirus: Commission presents practical guidance to ensure continuous flow of goods across EU via green lanes

Here’s why e-mobility must be at the heart of the green recovery

Parliament wants to suspend EU accession negotiations with Turkey

Yemen: 11 more ‘terrible, senseless’ civilian deaths reported, following attack in Sana’a – top UN official

Here’s how we solve the global crisis of tribalism and democratic decay

A small group of world leaders are standing together against inequality

Israel @ MWC14: Israel The Start App Nation

In a state of war: COVID-19 and psychiatric support

The green hydrogen revolution has started, and it won’t be stopped

Venezuela must guarantee judicial impartiality – UN human rights expert

3 strategies for Africa to thrive in this new era of globalization

Trade is not a weapon. Let’s not use it as one

Why we need to redefine trust for the Fourth Industrial Revolution

MWC 2016 LIVE: Ingenu steps up efforts to build LPWA networks across the globe

The Future of Balkans: Embracing Education

Why we need artists who strive for social change

Global leaders and companies pledge to reduce the gender pay gap by 2030

Fair minimum wages: Commission launches second-stage consultation of social partners

How bad is the Eurozone economy? The ECB thinks too bad

Asymptomatic, pre-symptomatic, symptomatic: what is the difference?

Burkina Faso : The EU reaffirms its support during this humanitarian and security crisis

Preferential tariffs to help Western Sahara to develop

Commission celebrates the 30th anniversary of the Jean Monnet Activities promoting European studies worldwide

Quantum leap: why the next wave of computers will change the world

Four ways innovation can help to beat heart disease

India m2m + iot Forum Hosts Successful 4th Editions of India Smart Cities Forum and India Smart Villages Forum

A very good morning in European markets

Financial services: Commission sets out its equivalence policy with non-EU countries

You can live up to 10 years longer by doing these 5 things

We now know how much ice Antarctica has lost in the last 25 years – three trillion tonnes

International Women’s Day 2019: more equality, but change is too slow

Hungary: Commission takes next step in the infringement procedure for non-provision of food in transit zones

EU unfolds strategy on the Egypt question

The European Youth explains the age gap in European business in the 21st century

How to have a good Fourth Industrial Revolution

FROM THE FIELD: ‘Blue’ finance flows in the Seychelles

The Swiss will pay dearly for voting out fellow Europeans

UN chief urges restraint following reported Saudi-led assault in Yemen

Brazil: A strategic partner for the EU

A day in the life of a Venezuelan migrant in Boa Vista, Brazil

Malaria could be gone by the middle of the century. Here’s how

‘Eco-shaming’ is on the rise, but does it work?

Countries must up their game to reduce low birth weights, warns UN-backed report

A question of trust: the UN political chief working behind the scenes to prevent tomorrow’s wars

Tackling terrorism: MEPs approve tighter rules on homemade explosives

Refugee crisis update: Commission is struggling alone with little help from EU or G7 leaders

These innovations could keep us cool without warming the planet

Why this city is paying people to move there

Scaling for success: SMEs, tech innovations and the ITU Telecom World Awards 2019, in association with The European Sting

Air Pollution Control: Does Your Action Matter?

Nicaragua crisis: One year in, more than 60,000 have fled, seeking refuge

European Parliament strengthens EU consumer protection rules

Australian homes are turning to solar power in record numbers

The global response to the coronavirus pandemic must not be undermined by bribery

More Stings?

Advertising

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s