CyberTalk

Cyber pandemic, World Economic Forum says top concern

World Economic Forum Warns of Cyber Pandemic

EXECUTIVE SUMMARY:

The history books may describe 2020 as one of the most turbulent years on record. A series of formidable challenges changed organizational and personal trajectories the world over. Sustainable growth initiatives are underway, but in the short-term, many of 2020’s concerns are here to stay.

Governments, businesses and individuals are still grappling with the coronavirus pandemic. Its spread has been merciless and scientists indicate that it may get worse. While health experts are concerned about the continued cases of the contagion, IT experts are equally concerned about the spread of a cyber pandemic. The World Economic Forum lists cybersecurity failures as among the top global risks in 2021; the fourth largest risk to the global economy.

A cyber pandemic could spread significantly faster and further than anything that we’ve witnessed in relation to the coronavirus. To offer some perspective, in 2003, the Slammer/Sapphire worm replicated and infected a new device every 8.5 seconds.

Best practices to follow to prevent a cyber pandemic?

They’re strikingly similar to the measures that we follow to limit the spread of a biological pandemic.

For more information on a cyber pandemic, watch this video clip prepared by the World Economic Forum.

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