Key View
- The growing digital and connected economy has increased the need of cybersecurity measures.
- Budgetary constraints and skill shortages are the main obstacles to investments in cybersecurity.
The development of the digital economy and technological improvements are disrupting business models and everyday life all over the world. More accessible services, easier management of personal finances and health, and new retail experiences have advanced significantly over the past few years and this trend is set to continue. However, there is an important downside risk to these improvements: cybercrime.
Given that everything connected can be hacked, the risk of cyberattacks has risen considerably. Cybercrime has become a major concern across a wide range of industries, from financial services to infrastructure, going through healthcare and automotive. The development of the Internet of Things in all these industries and the upcoming launch of 5G technology are both an exciting new opportunity and a source of concern. Smart cities, connected medical devices, personal assistants and self-driving cars will continue to improve standards of living worldwide, but will also be…
