In a collaborative effort, the CyberPeace Institute and the Hague Centre for Strategic Studies (HCSS) have released a report emphasizing the urgency of improving cyber transparency. The report, titled “Cyber Transparency Value Chain: From Awareness and Understanding to Attribution, Monitoring and Sanctioning, Open Source Monitors and Observatories,” provides a comprehensive overview of the tools developed by each organization to track and analyze the ever-changing cyber threat landscape. These tools, including online monitors and observatories, offer valuable insights into threat actors, the collateral damage caused by cyber incidents, and the effectiveness of laws and norms governing cyberspace.
Transparency: The Foundation of Cybersecurity
The report highlights the significance of data-driven, evidence-based research for the secure and responsible deployment of information and communication technologies (ICTs). The collaboration between these two organizations aims to promote stability in cyberspace, bridge the gap between cybersecurity and cyber policy, and ultimately contribute to peace and reduced harm in the digital realm. The report argues that transparency plays a pivotal role in preventing unintentional incidents, holding malicious actors accountable, and fortifying cyberspace security at all levels, from international to individual.
Cyber Risk: A Persistent Menace
Meanwhile, the Lehigh Business Supply Chain Risk Management Index (LRMI) report for the first quarter of 2024 reveals a slight decline in the overall average risk, decreasing from the previous quarter’s 66.61 to 64.61. However, Cybersecurity and Data Risk continue to rank as the top risk for the fourth consecutive quarter, rising by three points from 75.34 to 78.2. This increase in risk is attributed to the surge in remote work, sophisticated threats, and the targeting of vulnerable employees through phishing attacks.
Addressing the Cyber Threat Landscape
In addition, the 2023 Gartner Market Guide for Supplier Risk Management Solutions, provided by Prevalent, offers a comprehensive solution for managing and mitigating risks associated with vendors and suppliers throughout the third-party lifecycle. This encompasses risk assessment, monitoring, and performance management. The report underscores the growing concern regarding third-party cyber risks and the necessity for well-informed and coordinated strategies to address these risks.
The Biden administration is actively pursuing an agreement with the European Union to establish reciprocity between the Federal Communications Commission’s (FCC) Internet of Things cyber labeling program and the EU Cyber Resilience Act. National Cyber Director Harry Coker emphasizes the importance of cultivating a skilled cyber workforce. Moody’s Investors Service identifies quantum computing and artificial intelligence as emerging technologies that could strain cyber resources in 2024.
