Security News > 2023 > January > Global instability increases cyber risk, says World Economic Forum

Geopolitical instability is exacerbating the risk of catastrophic cyberattacks, according to the Global Cybersecurity Outlook 2023 report from the World Economic Forum.

Over 93% of cybersecurity experts and 86% of business leaders believe "a far-reaching, catastrophic cyber event is likely in the next two years" and there is a critical skills gap that is threatening societies and key infrastructure.

Despite challenges, organizations are improving cyber resilience, one of the key priorities of the World Economic Forum's Centre for Cybersecurity.

"As global instability increases cyber risk, this report calls for a renewed focus on cooperation. All stakeholders from public and private sectors who are responsible for our common digital infrastructure must work together to build security, resilience and trust," said Jeremy Jurgens, Managing Director, World Economic Forum.

"The threat landscape continues to expand and evolve with cyber adversaries targeting organizations of all sizes, locations and industries around the world. The disruption of operations or services and the compromise of data due to cyberattacks against the backdrop of a global skills gap places every individual, organization and even nation at risk. When we work together to encourage best practices we see greater progress in the fight against cybercrime. Shared data and trusted global partnerships can enable more effective responses and better predict future attack strategies to deter adversary efforts," said Ken Xie, CEO, Fortinet.

"Boards should be presented with a cyber posture that resonates with customers' and authorities' expectations and helps address sectorial ecosystem challenges," said Christophe Blassiau, SVP, Cybersecurity & Global CISO, Schneider Electric.

News URL

https://www.helpnetsecurity.com/2023/01/18/global-cybersecurity-outlook-2023/