– The Financial Services Information Sharing and Analysis Center (FS-ISAC) has made predictions about the growing threat of converging nation-state and criminal hackers targeting the global financial system, and is pushing for a “global fincyber utility” as the solution.
– The World Economic Forums Partnership Against Cybercrime (WEF-PAC) project is positioning itself to become this global fincyber utility, bringing together major banks, tech companies, law enforcement, and intelligence agencies.
– WEF-PAC aims to create a new global governance structure for the internet and cybersecurity, with the goal of ending online anonymity and privacy.
– WEF-PAC has close ties to Israeli military intelligence, with key figures like Tal Goldstein, who previously worked on Israel’s national cybersecurity strategy.
– WEF-PAC defines “cybercriminals” very broadly, including those who spread “disinformation” that threatens democratic governments, opening the door to censorship.
– WEF-PAC wants to target the use of privacy-enhancing technologies like cryptocurrencies, encryption, and anonymity services, despite claiming these are abused by criminals.
– The plan is to create a three-tier global architecture, with a “global partnership” at the top, “permanent nodes” in the middle, and “threat focus cells” at the operational level.
– Organizations like the Cyber Threat Alliance and Global Cyber Alliance are positioned to become these permanent nodes, with deep ties to intelligence agencies and the military-industrial complex.
– There are concerns that this global cyber utility could be used to justify increased surveillance, censorship, and the elimination of online anonymity and privacy under the guise of combating cybercrime.
– The timing of these efforts, alongside the push for central bank digital currencies, suggests this could be an attempt to reshape the global financial and internet infrastructure to the benefit of powerful institutions and governments.
By Whitney Webb
Moro Blanco 
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