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WEF warned of impending cyber pandemic

The WEF experts warned about the impending cyber pandemic and called for new approaches to risk management associated with the development of next generation technologies.

By 2025, next-generation technologies such as ubiquitous connectivity, artificial intelligence, quantum computing or new approaches to identity and access management could overwhelm the defences and lead to a global cyber pandemic, experts at the World Economic Forum’s Cybersecurity Centre predict.

The World Economic Forum’s Centre for Cybersecurity has created a community of security and technology leaders to identify future global risks from next-generation technology in order to avert a cyber pandemic.

Next generation technologies pose new risks to the world, and their impact is not fully understood at this stage. There is an urgent need for collective action, policy intervention, and improved accountability for government organizations and private enterprises. Without this intervention, it will be difficult to maintain confidence in new technologies, on which the future development of the world depends.the WEF website says.

In this regard, the WEF, together with the Oxford Martin School at the University of Oxford, launched an initiative called Future Series: Cybercrime 2025, the main goal of which is to identify the approaches required to manage cyber risks associated with major technology trends.

More than 150 global cybersecurity experts from information security companies, research institutions and other organizations, including Palo Alto Networks, Mastercard, KPMG, Europol, ENISA and NIST, are involved in the program.

There is already a global capacity gap in cybersecurity (professionals and all personnel), and as new technologies emerge, the cybersecurity skills gap will widen.

Safety is not seen as an integral part of innovative technologies and, as a result, there is not enough investment in support (knowledge, leadership, research) and incentives (market forces, regulation) for the safe development of new technologies. The existing capabilities and technologies are not suitable for this purpose, therefore, preventing threats and responding to incidents will require new approaches.the WEF experts believe.

Among the recommended approaches, the WEF lists reducing the global capacity gap in cybersecurity, creating a workforce, and moving away from fragmented approaches to cybersecurity that lead to interdependencies and confusion of policies and technologies.

If you want to be afraid the future even more, read our post: Apocalypse Now: experts presented a new type of cyber-biological attack.

Vladimir Krasnogolovy

Vladimir is a technical specialist who loves giving qualified advices and tips on GridinSoft's products. He's available 24/7 to assist you in any question regarding internet security.

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