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Tech companies need do more to protect & defend customers' cyber security, says Microsoft

"The need for a Digital Geneva Convention", 14 Feb 2017

2016 has witnessed not just the growth of cybercrime, but a proliferation in cyberattacks that is both new and disconcerting.  This has included not only cyber-attacks mounted for financial gain, but new nation-state attacks as well. 2017 RSA Conference in San Francisco brought together the world’s security professionals, engineers and other employees across the tech sector to discuss cybersecurity and to discuss what the response of the tech sector should be. Brad Smith of Microsoft discusses Microsoft's Threat Intelligence Center, the economic loss of cybercrime, which is estimated to reach $3 trillion by 2020, and the need for the "Digital Geneva Convention" that would commit governments to protecting civilians from nation-state attacks in times of peace. Bross says it’s important for global technology companies to adopt concrete commitments to help deter and respond to nation-state cyberattacks: as the Fourth Geneva Convention relies on the Red Cross to help protect civilians in wartime, protection against nation-state cyberattacks requires the active assistance of the tech sector.