Abstract
This policy brief proposes that the BRICS (Brazil, Russia, India and South Africa) should plan and coordinate on ways to mitigate cybersecurity risks on a multilateral level. The BRICS countries are ideal for such a meta-governance mechanism which could coordinate toward the circumvention of some cyber risks. This Policy brief proposes that there should be an integration of blockchain technologies, packet sniffing technologies and AI detection tools to help mitigate emerging cybersecurity risks. The policy brief outlines the risks and challenges prevalent in this current climate, whilst also proposing potential remedies sourced from rigorous academic studies. The precise amendments include the synthesised mechanism of blockchain-based internet registries, packet sniffing technologies AI verification tools and capacity building to aid in the mitigation of cybersecurity risks. In 2007, a cyber-attack in Brazil plunged more than 3 million people into darkness. Cyberattacks collectively cost the BRICS countries $50.3bn in 2013. These funds could have been reinvested into the economy. BRICS needs the rapid technological integration of cyber-crime mitigation tools, tools which this policy brief will outline.
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