A (global) solution for cybercrime

A (global) solution for cybercrime

The recent ransomware cyberattack on the Colonial Pipeline in the US has exposed how vulnerable critical infrastructure is to hackers, whether they are motivated by money or politics. What can we do about this?

Part of the way forward is acknowledging that there is no longer a distinction between cyber and physical security. The world runs on tech, so people are right to worry about it, Microsoft President Brad Smith said during a livestream discussion on cybersecurity hosted by GZERO Media and Microsoft. The conversation, "Beyond SolarWinds: Securing Cyberspace," held in collaboration with the Munich Security Conference as part of their "Road to Munich" series, was moderated by former US Homeland Security senior official Juliette Kayyem.


The latest attack is different in scale, but not new. And one of the reasons these hacks are likely to become more frequent, he added, is that our defenses are not keeping up with the threats.

Ian Bremmer, president of Eurasia Group and GZERO Media, agreed. Cybersecurity, he explained, is a top risk because there is new tech and no architecture to stop cybercriminals. Moreover, the US relations with the two other countries with similar cyber-offensive capabilities — China and Russia — are at their worst point in decades, with no chance of a reset anytime soon.

Two months before the Colonial Pipeline hack, the cybersecurity buzz was all about SolarWinds, another major cyberattack on thousands of firms, including US government agencies, blamed on Russia. Smith said that SolarWinds showed how sophisticated hackers have become, and Wilson Center President Emerita Jane Harman added that the US bungled its response because a private firm found out before anyone else.

The silver lining from both attacks, Harman noted, is that they pushed the Biden administration to issue an executive order that mandates private corporations to immediately inform the government of such cyberattacks.

Meanwhile, the US needs to rethink its military procurement. For Ian Bremmer, the Pentagon spends a lot on tech to upgrade legacy hardware, but nowhere near enough on cyber — the opposite of what China's doing. That's right, Harman noted, but the DOD and Congress will likely push back.

The wider problem, however, is that we now live in the world where governments are not solely responsible for defending our critical infrastructure, Smith said. How the private sector responds is equally important.

Biden's executive order, he added, is no panacea but it is the most significant step forward in decades because it mandates companies that do business with the federal government to take this issue a lot more seriously. And that'll influence how software is developed across America because the federal government contracts out so much of its IT work.

More broadly, the chances of a more sustainable solution to the problem lie in more international cooperation, said Wolfgang Ischinger, chairman of the Munich Security Conference.

Although governments no longer have the monopoly on power to do harm to each other, the US should still reach out to its allies to fight cybercrime together. This may sound like a dream right now, he admitted, but then again so did nuclear disarmament at the height of the Cold War.

For Smith, who has long called for a Cyber Geneva Convention to set global norms, the reasons now are the same as in the aftermath of World War II: we have a moral and legal responsibility to protect civilians, who are ultimately the most vulnerable to the consequences of cyberattacks.

"Beyond SolarWinds: Securing Cyberspace," a Global Stage live conversation on cyber challenges facing governments, companies, and citizens, was recorded on May 18, 2021, and was held in collaboration with the Munich Security Conference as part of their "Road to Munich" series. Sign up for alerts about more upcoming GZERO events.

More from Global Stage

How to tackle global challenges: The IMF & World Bank blueprint

How to tackle global challenges: The IMF & World Bank blueprint

The International Monetary Fund and World Bank’s Spring Meetings in Washington have told a tale of two economies: In the developed world, inflation is falling, and recession looks unlikely. But many of the world’s poorest countries are struggling under tremendous debt burdens inflated by rising interest rates that threaten to undo decades of development progress. That means these key lenders of last resort have their work cut out for them. But according to GZERO Senior Writer Matthew Kendrick, there's a proven model.

World Bank announces plan to bring power to 300 million in Africa

World Bank announces plan to bring power to 300 million in Africa

During the World Bank's annual Spring Meetings this week, the group announced a major new initiative to provide electricity to 300 million Africans by 2030. It is estimated that nearly 800 million people globally lack access to power, and the vast majority of them, 600 million, live on the African continent. GZERO’s Tony Maciulis met with the World Bank’s Director of Infrastructure for West Africa Franz Drees-Gross, to discuss the project's details.

AI at the tipping point: danger to information, promise for creativity

AI at the tipping point: danger to information, promise for creativity

Artificial intelligence is on everyone's mind these days. The potential for AI to mess up democracy is scary, but the truth is that it can also make the world a better place. So, are bots good or bad for us? We asked a few experts to weigh in during the Global Stage livestream conversation "Risks and Rewards of AI," hosted by GZERO in partnership with Microsoft at this year's World Economic Forum meeting in Davos, Switzerland.

How to protect elections in the age of AI

How to protect elections in the age of AI

GZERO Media, on the ground at the 2024 Munich Security Conference, held a Global Stage discussion on Feb. 17 entitled “Protecting Elections in the Age of AI.” We spoke with Brad Smith, vice chair and president of Microsoft; Ian Bremmer, president and founder of Eurasia Group and GZERO Media; Fiona Hill, senior fellow for the Center on the United States and Europe at Brookings; Eva Maydell, an EU parliamentarian and a lead negotiator of the EU Chips Act and Artificial Intelligence Act; Kersti Kaljulaid, the former president of Estonia; with European correspondent Maria Tadeo moderating. These thought leaders and experts discussed the implications of the rapid rise of AI amid this historic election year.

Half the world can’t access healthcare. How can the World Bank help?

Half the world can’t access healthcare. How can the World Bank help?

Globally, a shocking 4.5 billion people — more than half the world’s population — lack access to essential healthcare and another 2 billion have to make tough financial choices to find care. That means for the majority of people on earth when a child is sick, families can’t get medicine; when a mother gives birth, the delivery is unsafe; when people develop chronic conditions, they go untreated.

World Bank economist: The poorest are getting poorer globally

World Bank economist: The poorest are getting poorer globally

The combined shocks of multiple crises, including the pandemic, wars in Ukraine and the Middle East, food insecurity, and inflation, have taken a massive toll on the 75 least developed economies, according to World Bank Group’s Deputy Chief Economist Ayhan Kose.

Digital Equity