Here are 4 ways investors can influence more secure and responsible innovation – The European Sting – Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology

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This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum.

Author: Algirde Pipikaite, Project Lead, Governance and Policy, World Economic Forum


Modern society is systematically dependent on digital technologies, and has reached a point of no return. The Fourth Industrial Revolution, in enabling our transition to the digital world, has created opportunities. Digitization provides many benefits, but given its rapid pace, we live in cyber insecurity.

Cyber attacks against businesses have almost doubled in the last five years. Since we can’t remove digital technologies from our economies, daily lives or public safety practices, we must take responsibility and apply security much more thoroughly when innovating, in order to prevent major cyber attacks, loss of data, loss of privacy and other negative outcomes.

In the past, the most famous cyber breaches have been related to infringement of privacy and confidentiality. In the near future, the much bigger problem will be potential attacks on integrity and availability, like the infamous Maersk attack that shut down a company’s network and operations for…

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