The 16th edition of the World Economic Forum’s (WEF) Global Risk Report was released on Tuesday, and many of the risks/threats contained are unsurprising. The results are based on the Global Risks Perception Survey and were completed by 650 members of the World Economic Forums diverse leadership communities. According to this, the key threats of the next decade include extreme weather, climate action failure, human led environmental damage and digital power concentration. However, among these risks we are also facing cybersecurity failure, which is ranked 4th in the ‘clear and present danger’ section. What may not come as a surprise is that not enough people realise the significance of cybersecurity, and how to properly protect their information. This leaves individuals, as well as enterprises vulnerable to cyber-attacks.
Jonathan Knudsen, senior security strategist at Synopsys says that: “Admitting that a problem exists is the first step in overcoming that problem. Managing cybersecurity requires organizations of all types and sizes to address cybersecurity directly. Organizations that use software (basically everyone) should put policies and processes in place to minimize risk and protect data. Organizations that build software must make security an integral part of their development efforts. The costs of managing cybersecurity today are a small price to pay in comparison with the mammoth costs of cybersecurity failures in the future. “
Over the past year we have battled through an unexpected pandemic, which forced us into our homes and away from friends, family, and co-workers. We were forced to adapt to a new, even more digitalized world, without enough time to really ..
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