Lagatar24 Desk
New Delhi, Jan 19: Geopolitical instability raises the risk of catastrophic cyberattacks, according to the Global Cybersecurity Outlook 2023 report, launched at the World Economic Forum’s ongoing annual meeting in Davos on Wednesday.
More than 93 per cent of cyber security experts and 86 per cent of business leaders believe that a widespread, catastrophic cyber event is likely to occur within the next two years, posing a critical skills gap that is threatening societies and their key infrastructure.
The Global Cybersecurity Outlook 2023 findings are based on surveys, workshops and interviews with over 300 experts and executives.
Moreover, half of the companies surveyed indicate that the current landscape requires a re-evaluation of the countries in which their organization operate.
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The report said that awareness and preparation will help organisations balance the value of new technologies against the cyber risk they pose.
“As global instability increases cyber risks, this report calls for a renewed focus on collaboration. 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 of the World Economic Forum.
Moreover, the report has highlighted the need to address the shortage of talent and skilled experts. Nearly 34 per cent of cyber security experts said their team is lacking some skills while 14 per cent said that they are lacking critical skills.
Notably, cyber security is increasingly impacting how and where businesses invest with a majority believing that global geopolitical instability is likely to lead to catastrophic cyber attacks in the next two years.
