For more than 20 years, countries have been struggling to introduce a
set of rules of conduct and liability requirements for digital space users.
Progress in designing a code of cyber conduct is all the more relevant since
digitalization is sweeping the planet at breakneck speed, creating new risks
along with new opportunities. Businesses that are confronted with new
challenges and threats in the digital space are putting forward their own
initiatives, thereby pressing governments to speed up the process of adopting
an international cyber code.
Why is the business community interested in setting rules in the cyber
environment? There are many reasons for this.
Firstly, the quantity and quality of hacker attacks on the private
sector increase every year. Hackers target any enterprises — whether they are
small enterprises or technological giants. Attacked by the NotPetya virus, the
world largest container carrier Maersk sustained $300 million damage and had to shell out nearly $1 billion for restoration. In total,
according to Sberbank’s estimates, the damage to the global economy from hacker
attacks in 2019 can reach about $2.5 trillion, and by 2022…
