The overwhelming dependence on technology and digital infrastructures has given rise to new cyber ecosystems, which have enabled many businesses to continue operations and even reinvent themselves in the new normal. Although new technologies promise to protect institutions from advanced cyberattacks, no single stakeholder can identify and address every threat in the evolving digital landscape. The potential impact of cyberattacks is one of the biggest risks facing the global economy today.
Collective resilience is therefore the future for cybersecurity. This requires trust and information-sharing, which are essential for assuring the integrity of the interconnected business and social processes. Modern societies’ complex digital ecosystems can only be safeguarded through collective cyber resilience and information sharing is key to that success.
Takeaways from the WEF Report have been summarised in a blog. You can read it here.