The risks associated with misleading information can have a profoundly negative impact. A new study from Elsevier Group of Economics Journals looks into ways to respond to the new digital age challenges.
Dr. Pythagoras N. Petratos, of Coventry University of Business School, says misleading information has emerged as one of the leading cyber risks in our society, affecting political leaders, nations, and peoples lives, with the COVID-19 pandemic having only made it worse.
“Industry 4.0 has brought about a metamorphosis in the world of business. The new revolution demands the integration of physical, biological and digital systems under one roof,” he says.
“Such a transformation however, comes with its own set of risks. Misleading information, including misinformation, disinformation and fake news, often has damaging effects on the public image of political leaders and, as the COVID-19 crisis has clearly shown, on the general public and the economy,” he says.
However, Petratos says the consequences of misinformation on business organisations have been far less explored.
“Information has always played an irrefutable role in economics. We need to pay attention to the…
