Cybersecurity

Cybersecurity disclosures under the spotlight, and other cybersecurity news to know this month

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"Organizations need to be able to learn and assess facts, and this includes identifying deficiencies honestly to eventually correct them", says cybersecurity expert John Bandler. Image: Unsplash

Akshay Joshi
Head, Centre for Cybersecurity, World Economic Forum
  • This regular round-up brings you key cybersecurity stories from the past month.
  • Top cybersecurity news: Cybersecurity communications under scrutiny; EU seeks expanded powers for Europol; Solar system flaws threaten power grid security.
  • The World Economic Forum’s Centre for Cybersecurity provides an independent and impartial platform to reinforce the importance of cybersecurity as a strategic imperative and drive global public-private action to address systemic cybersecurity challenges.

1. Cybersecurity claims must reflect reality, not 'puffery', expert says

"To secure and operate, organizations need facts, not puffery - and few are perfect,” says a Reuters cybersecurity expert, as pressure mounts on companies to communicate confidently about cybersecurity while grappling with complex internal realities.

The lesson to learn is that facts and accuracy are good for the organization and for compliance.

—John Bandler, Reuters Legal News
John Bandler, Reuters Legal News

Amid increasing scrutiny from regulators, investors and clients, organizations face a growing challenge, John Bandler explains: promoting strong cybersecurity postures externally while being honest about internal vulnerabilities.

“There’s a real tension,” he notes, “between teams focused on selling and reassuring, and those tasked with actually securing systems”.

Bandler's commentary highlights not just practical and ethical imperatives for accuracy, but legal ones too, pointing to risks in areas such as:

  • External vs. internal messaging: Promises made to investors or clients must reflect operational reality.
  • Contractual exposure: Misstatements in cyber insurance or vendor agreements can trigger liability.
  • Legal duty of accuracy: False claims, even if unintentional, may be used against organizations in litigation.

"Every organization needs to improve its cybersecurity, none can afford to rest on their laurels, and claim everything is perfect, he warns. "Improvement happens only with honest discussion about the current state, to include deficiencies."

A graphic showing how cybersecurity is becoming increasingly complex.
Organizations need to be transparent about the cybersecurity risk factors they face. Image: World Economic Forum/Accenture

2. European Commission proposes expansion of Europol's role

The European Commission has outlined a plan to significantly expand the role of Europol, the European Union's (EU) law enforcement cooperation agency, as part of a broader strategy to bolster internal security across the bloc, Reuters reports.

The new strategy will provide more resources for law enforcement, including boosting access to data, increasing resources for cross-border policing and strengthening EU agencies such as Europol, Frontex and Eurojust.

We are going to make Europol a truly operational police agency.

—Henna Virkkunen, Executive Vice President, European Commission
Henna Virkkunen, Executive Vice President, European Commission

A legislative proposal to formalize Europol’s transformation is expected in 2026.

The Commission is also developing a roadmap for "lawful and effective access to data for law enforcement", recognizing the need for better digital tools while maintaining safeguards.

“It’s very important that we strike the right balance between privacy and access to data,” said Henna Virkkunen, Executive Vice President of European Commission.

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3. News in brief: Top cybersecurity stories this month

Cybersecurity vulnerabilities have been found in some solar power system products from a few of the biggest vendors in the world, based on research by Forescout, as reported in SecurityWeek. With solar power growing in importance, such flaws can "pose a serious threat to electrical grids", it warns.

Poland is seeking to use €6.1 billion of EU post-COVID recovery funds for investments into defence, which includes boosting cybersecurity across the nation. The European Commission has until 20 June to decide on whether to approve the proposal.

An NHS software provider has been fined £3 million for a breach that led to a ransomware attack on the UK's health service, putting the personal information of 79,404 people at risk, the BBC reports. Hackers gained access to patients' phone numbers, medical records, and in the case of 890 patients, how to gain entry to their homes.

Ukrainian state railway Ukrzaliznytsia, targeted by a large-scale cyber-attack in late March, says it has restored about half of its IT services since the attack.

Hackers have stolen $500,000 from a small number of Association of Superannuation Funds of Australia (ASFA) customers, The Guardian reports. The ASFA said it would contact all affected members to notify them of any data compromises.

Researchers warn that package hallucinations in code-generating LLMs could enable new supply chain attacks, reports SecurityWeek. Known as ‘slopsquatting’, this occurs when LLMs reference fictitious packages, which threat actors can exploit by publishing malicious packages under the same names.

Discover

How is the Forum tackling global cybersecurity challenges?

4. More about cybersecurity on Forum Stories

Is there a way for China and the West to cooperate in cyberspace? William Dixon, Associate Fellow at the Royal United Services Institute believes there are three primary ways they can cooperate on the cyber crisis:

  • Focused capacity building: China and the West, bilaterally, or collectively through multilateral vehicles like the ASEAN Cyber Capacity Programme, can do more to promote regional activity.
  • Law enforcement cooperation: While there has been progress, there is clearly more opportunity for intelligence sharing and coordination. Multilateral agencies such as Interpol, can be highly effective in sharing intelligence and coordinating operations.
  • Multistakeholder mitigation: Effective action against cybercrime is defined by public-private partnerships that draw upon the expertise, technology and capabilities of the private sector.

Learn more in this article.

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Contents
1. Cybersecurity claims must reflect reality, not 'puffery', expert says2. European Commission proposes expansion of Europol's role3. News in brief: Top cybersecurity stories this month4. More about cybersecurity on Forum Stories

Majority of US enterprises breached in past two years despite security spend, and other cybersecurity news

Akshay Joshi

May 16, 2025

Practical lessons on navigating cyber resilience from leading organizations worldwide

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