“Cybersecurity failure” was identified as a critical short-and-medium-term threat to the world by respondents of the World Economic Forum’s Global Risks Perception Survey (GRPS).
GRPS respondents rank “cybersecurity failure” among the top-10 risks that have worsened most since the start of the COVID-19 crisis, said the report, explaining that the rapid digitalization in advanced economies during the pandemic has also led to more intense cyber vulnerabilities, “as new technologies and an ever-expanding attack surface enable a more dangerous and diverse range of cybercrimes.”
Cyberattacks have intensified over the last two years, which “means that cyberthreats are now growing faster than our ability to prevent and manage them effectively” — Carolina Klint, risk management leader, Continental Europe, Marsh
“GRPS respondents believe ‘cybersecurity failure’ will continue to test the world’s digital systems over the next two years and, to a lesser extent, in three to five years,” said the report. (See related WEF graphics in this article that detail the top short, medium and long-term risks identified by respondents).
Malware attacks increased…
