Global Cyber security Outlook 2022 – World Economic Forum

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Global Cyber security Outlook 2022 – World Economic Forum

The World Economic Forum (WEF) has released the first ‘Global Cyber Security Outlook, 2022’ report.

This report is a key document of the ‘Biodiversities by 2030’ initiative. The initiative is jointly led by the World Economic Forum and the Alexander von Humboldt Institute, Colombia.

It outlines measures taken to increase cyber resilience within organizations and the wider system.

Key findings of the report

Digitization has expanded rapidly due to the COVID-19 pandemic. This has also led to the following problems-

  • Global ransomware attacks have increased by 151% in the year 2021.
  • An average of 270 cyber attacks has been reported per organization.
  • Cyber ​​incidents are becoming more and more costly and harmful. It also sometimes causes severe damage to critical services and infrastructure.
  • There is a wide availability of sophisticated tools and methods for cyber attacks. It is possible to intimidate the victim with relatively little or no cost.

Cyber Security Solutions Recommended by WEF

  • Prioritizing cyber security in all sectors of society and economy.
  • Anticipating, recovering and adapting cyber incidents quickly.
  • To move from a cyber-defensive state to a strong cyber-resistance position. of attacks
  • Be prepared for apprehension and potential digital shock.
  • To mobilize a global response to address systemic cyber security challenges. Also, ensuring that there is no communication or coordination gap between cyber security and important business companies.

Source – The Hindu

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