World Economic Forum ‘Cyber Resilience’ Initiative Includes IP Protection

The World Economic Forum annual gathering of private sector leaders today released a “Cyber Resilience Initiative to Safeguard the Digital Environment” that includes a commitment to protect intellectual property rights online.

The initiative, including a set of shared principles to be signed by CEOs, centres around the view that the interdependence of internet users means all must agree to minimise risks. It includes mention of thwarting cybercriminals and hackers.

In the “commitment to cyber resilience,” to be signed by CEOs, it states:

“2.2 The executive management team recognizes its leadership
role in setting the tone and structure for cyber resilience

In line with its fiduciary and other leadership duties, the executive
leadership recognizes the important nature of mitigating cyber-related
risks as an essential element of the on-going viability and success of
their institution, safeguarding its intellectual property and protecting
the information it holds in order to deliver products or services to its
customer or constituent base, consistent with the applicable sector
and jurisdiction law.”

The initiative is here.

The press release and supporting information is here.