The Global Cyber Alliance has held its first Strategic Advisory Committee meeting on 18 March at New York's Federal Reserve Bank. The SAC - which comprises senior execs from the public and private sectors - is chaired by GCA's three founding partners: New York County district attorney Cyrus R. Vance, London police commissioner Ian Dyson, and chair of the Center for Internet Security John Gilligan.
The GCA said its mission is to identify systemic cyber risks where significant progress can be made on risk mitigation, and then to bring together the people and resources to source and enact a solution and to gauge the effect. "The outcome of this effort is not a report with recommendations but actual risk reduction moving forward on a path to eradicate a systemic cyber risk," it added.
The Alliance will regularly assess the main cyber risks deemed by the collective community to be significant threats to the global online community and for which "GCA can have a measurable, positive impact on the eradication of the risk."
During the Strategic Advisory Committee meeting, it presented several key systemic risks to consider combatting - using dedicated task groups focused on implementation. These included phishing,
risks arising from weak identity and authentication mechanisms, risks arising from vulnerable and compromised websites, and Distributed Denial of Service attacks.
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