Security News > 2020 > January > World Economic Forum Global Risks Report Highlights Dangers of Digital innovation
For the first time ever, the top five most likely global risks enumerated in the annual Global Risks Report from the World Economic Forum are all environmental: extreme weather, climate action failure, natural disasters, biodiversity loss, and human made environmental disasters.
The same background is threatening the global economic outlook.
The report highlights the irony of the unfolding Fourth Industrial Revolution - it provides great potential for economic and societal improvements, but brings with it counterbalancing increased cyber risk.
These risks focus on the lack of security by design as manufacturers rush to be the first in the market, and the absence of global security governance.
"While solutions suggested in the report, such as advocating for fair and concerted global actions on any 4IR-related governance frameworks, may eventually yield results, they will not come fast enough to mitigate risk in the near term," he told SecurityWeek.