F-Secure, CyberPeace Institute team up to counter attacks against vulnerable communities

Letter of intent signed by the two organizations outlines cooperation in a number of areas as cyber threats against vulnerable communities increase.

Helsinki, Finland – 26 November 2021: Global cyber security provider F-Secure has signed a letter of intent (LOI) with the Switzerland-based CyberPeace Institute, an independent non-governmental organization whose mission is to protect the security, dignity, and equity of people in cyberspace. The letter outlines a broad plan for cooperation in a number of areas, including the forensic analysis of cyber incidents which increasingly affect vulnerable communities.

Particularly telling examples of attacks that harm vulnerable communities are those targeting healthcare providers: they are low-risk, high-reward crimes that have become a significant problem. According to a recent report, healthcare was one of the five sectors most frequently victimized by human-operated ransomware, and accounted for nearly ten percent of Microsoft’s Detection and Response team’s ransomware engagements from July 2020 to June 2021.*

“One of the biggest challenges we have is the lack of accountability in cyberspace, which poses a great risk to not only stability in our digital world but the goal of cyber peace itself. That’s a significant problem, and we need the expertise of our industry partners to help in this understanding” said the CyberPeace Institute’s CEO Stéphane Duguin. “F-Secure’s decades of experience in security is a tremendous asset that we can leverage to help humanitarian organizations targeted by cyberattacks.”

Capabilities that F-Secure can leverage to support the CyberPeace Institute’s work include:

  • Intelligence gathering
  • Reverse engineering malware
  • Forensic analysis of cyber incidents
  • Cyber risk assessment of CyperPeace Institute’s beneficiaries’ digital assets

“The potential societal harm of cyber attacks against organizations providing critical services around the world puts people’s lives at risk,” said F-Secure Vice President and head of the company’s Tactical Defense Unit Paolo Palumbo. “Part of our job, as cyber security professionals, is to investigate confirmed and suspected compromises. And we’re happy to use our skills and knowledge in support of vulnerable communities.”

*Source: https://query.prod.cms.rt.microsoft.com/cms/api/am/binary/RWMFIi

ABOUT F-SECURE

Nobody has better visibility into real-life cyber attacks than F-Secure. We’re closing the gap between detection and response, utilizing hundreds of our industry’s best technical consultants, millions of devices running our award-winning software, and ceaseless innovations in artificial intelligence. Top banks and enterprises trust our commitment to beating the world’s most potent threats. Together with our network of the top channel partners and over 200 service providers, we’re on a mission to make sure everyone has the enterprise-grade cyber security we all need.

Founded in 1988, F-Secure is listed on the NASDAQ OMX Helsinki Ltd.

© Copyright 2022: The concepts and information contained in this document are the property of the CyberPeace Institute, an independent non-governmental organization headquartered in Geneva, unless indicated otherwise from time to time throughout the document. This document may be reproduced, in whole or in part, provided that the CyberPeace Institute is referenced as author and copyright holder.

Donation

Support the CyberPeace Institute

Individual lives can be changed dramatically by the acts of cyber criminals. We need your support to assist victims of cyberattacks in the NGO, humanitarian and healthcare sectors.

Newsletter

Subscribe to our newsletter

Receive monthly news on what’s happening at the Institute: our impact, publications, events and important milestones.