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Next Generation Tech Creates Watershed Moment for Cybersecurity Industry

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COVID-19 has led to an acceleration of cyber-attacks targeting those working from home, hospital systems and financial institutions. However, the next wave of cybersecurity risks will not be a continuation of these challenges, and incremental progress will not be enough to stop them.

According to The Future Series Report, quantum computing, artificial intelligence, digital identity systems (such as e-passports) and the ubiquitous connectivity of devices and networks are transforming the foundations of cyberspace and have brought the industry to a watershed moment.

“The dynamics of cybersecurity are changing,” said Will Dixon, Cybersecurity Lead, World Economic Forum. “Broadly speaking, we have been doing cybersecurity the same way for the past 15 years and it’s not going to work anymore. What has changed is that now, the criminals of the future can easily exploit these emerging technologies and our growing interconnectivity at a scale not seen before. The good news is that there are ways to protect our personal data, mitigate the impact on global trade and security and ensure our society isn’t hit with another shock.”

“The research points to the likelihood of systemic cyber-risks, and a potential cyber-resilience deficit if no action is taken,” said Professor Sadie Creese, University of Oxford. “It is important that organisations can confidently embrace new technologies and the benefits they bring, and that will involve a number of cybersecurity challenges to be met. The action required is broad. Success will be premised on strong leadership who understand the issues and can set an agenda which will encompass social responsibility and opportunities for economic growth.”

Managing the risks will require businesses and governments to address three things: filling capability gaps with new cybersecurity tools, creating policy interventions that incentivize collaboration and accountability and galvanizing leadership action from businesses to plan more strategically around emerging risks so the most critical infrastructures do not fail society.

The report identifies 15 urgent, coordinated actions needed to avoid real threats to our society. The security and technology community, industry and government leaders and the international community are key players in developing these new capabilities. Notably, this will also help create much needed jobs. There is a growing demand for roles in cybersecurity and encryption, according to the World Economic Forum. Cybersecurity specialists and Information Security are roles in high demand as companies race to adopt encryption and security measures.

“There is a growing cyber capability gap,” Dixon said. “To tackle the threats of tomorrow, companies and countries need to expand their capacity, this means jobs, and a lot of them.”

The 14-month study, conducted by the World Economic Forum and the University of Oxford, is the first study to examine how shifts in technology will impact the cybersecurity industry. It is based on the expertise of more than 100 leaders in the cybersecurity community spanning businesses, governments, academia and civil society. Through a series of workshops, interviews, and surveys, it aimed to answer the question: Will our individual and collective approach to managing cyber risks be sustainable in the face of the major technology trends taking place in the near future.

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Uzbek home appliance manufacturer Artel joins United Nations Global Compact

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This week, Artel Electronics LLC (Artel), Central Asia’s largest home appliance and electronics manufacturer, has become an official participant of the United Nation Global Compact (UNGC). Launched in 2000, the UNGC is a voluntary leadership platform for the development, implementation, and disclosure of responsible business practices. Artel becomes Uzbekistan’s third company to participate.

Artel joins over 10,000 companies worldwide, including Microsoft, Facebook and Nestlé, in affirming the Compact’s ten principles. These include a commitment to human rights, labour standards, sustainability, and anti-corruption.  The company will also seek opportunities to promote the UN’s Sustainable Development Goals (SDGs). As one of the country’s largest companies, Artel’s membership will provide significant momentum towards the alignment of the Uzbek private sector with international standards.

Furthermore, Artel has become a founding member of the Coalition of Business Champions for the Sustainable Development of Uzbekistan. Artel will use its position alongside coalition partners to promote placing environmental and social considerations at the heart of the country’s growth. This builds on the company’s significant work on water provision, gender equality and education.

Bektemir Murodov, CFO of Artel Electronics, said: “We are delighted to join the UN Global Compact and become part of such a proactive global community of businesses working towards sustainable development. As a large Uzbek company, we have a huge responsibility to promote sustainability as well as international labour standards, human rights and anti-corruption. This reaffirms our commitment to these principles. 

We also know that this is a great opportunity to learn from some of the world’s leading companies, and we look forward to taking an active part in the conversation around how to promote the SDGs in Uzbekistan.”

Becoming a participant of the UNGC is the next step in Artel’s ESG development. The company has restructured its corporate governance to align with international best practice, and continually works to increase the efficiency of its products and reduce the environmental impact of its operations. Artel also has significant social projects that focus on water access and education. Most recently, Artel promoted the UN’s 16 days of Activism against Gender-based Violence and will soon launch a Women’s Development Programme with a legal clinic to promote legal literacy and gender equality.

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World Bank Provides $100 Million to Accelerate Rwanda’s Digital Transformation

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The World Bank Group today approved $100 million in financing under the International Development Association’s (IDA) Scale Up Window to help the Government of Rwanda increase access to broadband and selected digital public services, and strengthen the digital innovation ecosystem in Rwanda.  

The new Digital Acceleration Project will support the government to expand digital access and adoption by spearheading a series of innovative digital access and inclusion initiatives, including supporting 250,000 households with financing to help acquire smart devices as well as training three million people in basic digital literacy (with targets for girls and women).

The project will also enhance the government’s digital service capabilities by equipping it with the ability to harness the power of big data and develop at least 30 new or upgraded digital services through large-scale investments in shared digital standards, platforms, and infrastructure. These will enable the government to safely scale more fully transactional and remote service delivery, including enrolling and issuing new digital ID credentials to 75 percent of the population. Finally, the project will increase Rwanda’s capacity to support digitally enabled innovation by strengthening the local entrepreneurship ecosystem, developing Rwanda’s digital talent base and helping tech firms to move from startup to growth. At least 300 digital start-ups will be directly supported by the project, with a focus on those that are female-owned.

Expanding digital access and adoption, enhancing digital public service delivery and promoting digitally enabled innovation are essential for Rwanda’s digital transformation which can in turn help drive a robust post-COVID-19 recovery,” said Rolande Pryce, World Bank Country Manager for Rwanda. “The Rwanda Digital Acceleration Project encompasses all these elements and will contribute to Rwanda’s vision to become a knowledge-based economy and upper middle-income country by 2035, by leveraging digital technologies to accelerate growth and poverty reduction.”

The project will also support Rwanda’s efforts to crowd in private sector investment in digital inclusion initiatives, digital infrastructure and through support for digital innovation and entrepreneurship – with the goal of preparing the country for a data-driven and e-service based economy capable of supporting sustainable recovery in a post-COVID-19 context.

For Rwanda to leverage digital transformation as a driver of growth, job creation and greater service delivery, digital adoption needs to markedly improve. This project will help Rwanda tackle the affordability of digital devices and services, but also bridge lingering basic digital literacy gaps, to increase local demand for digitally-enabled services and platforms,” said Isabella Hayward, World Bank Digital Development Specialist, and Task Team Leader of the project. “The project will also support the GoR’s aspirations of providing 24-hour, cashless, paperless and fully transactional Government-to-Government, Government-to-Business, and Government-to-Person e-services both at the central government and sectoral levels.”

The project will be co-financed in the amount of $100 million by the Asian Infrastructure Investment Bank (AIIB), of which Rwanda is a non-regional member. This will be the AIIB’s second investment in Rwanda, and the first digital project investment financing to be co-financed with the AIIB.

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The City of Ideas platform is a unique opportunity to make the city comfortable

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The Moscow City of Ideas platform is a platform where citizens can propose ideas for solving various issues related to the life of the capital and vote for proposals selected by experts.

Ideas with the largest number of votes are implemented in the city. Over the seven years of such projects, more than 270 thousand Muscovites have sent about 112 thousand ideas for the development of urban infrastructure. More than four thousands of them were selected by experts for further study, over three thousand ideas have already been implemented.

The citizens took part in projects like “My Park”, “Electronic House”, “Moscow Central Diameters”, “Moscow child health center”, “Museums of Moscow” and much more. Thanks to the proposed ideas, new public transport routes have appeared, a Moscow standard for children’s recreation has been developed, public service centers, children’s and adult clinics, libraries, and parks have been transformed.

After modernization, the City of Ideas platform has become more user-friendly. Citizens themselves propose suggestions of improving the platform. 12 thousand residents of the capital took part in the project. They proposed with over 600 ideas. The implementation plan included 121 of them, some have already been implemented.

Today, the platform provides short video instructions and materials explaining how to use platform. This will help both beginners and advanced users. Now citizens can submit their ideas directly from the platform’s main page. When sending a photo attached to the text.

The modernization also affected the voting process: the ideas that pass the expert selection will be presented in a single list. You don’t need to go to each page for grading.

And most importantly, the City of Ideas platform today has a modern design. These changes were suggested and supported by the citizens.

This service is available to individuals, representatives of legal entities and individual entrepreneurs.

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