![]() “We all know, but still pay insufficient attention to, the frightening scenario of a comprehensive cyberattack, which would bring a complete halt to the power supply, transportation, hospital services, our society as a whole,” Klaus Schwab, chairman of the WEF, said at Cyber Polygon 2020. The Collective Strength simulation comes after the related World Economic Forum’s (WEF) Cyber Polygon 2021 symposium, where a “total of 200 organizations from 48 countries” focus on improving “cybersecurity as their strategic priority and seek to develop their cyber defense competencies.” The exercise was aimed at increasing international “cooperation that could help to minimize any potential damage to financial markets and banks,” according to an exclusive article in Reuters. 9 in a multinational security exercise called Collective Strength, which involved representatives from 10 countries as well as some international financial agencies. The Israeli Ministry of Finance hosted a simulation of a major cyberattack on the global financial system on Dec.
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