WEF published a paper in March 2022 linking cybersecurity to sustainability. Great insights from the article include:
- The most critical intangible asset in determining the value of a company today is data; cybercrime for economic profit is projected to increase due to this shift in value.
- Digital transactions across multiple industries are near-ubiquitous; attacks on any of these transactions will impact people.
- Gaps in cyber insurance coverage will continue to grow; businesses cannot insure their way to digital sustainability
- A standardized framework for cyber risk analysis could set a precedent for effective governance.
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Those that fail to implement good governance on cybersecurity, using appropriate tools and metrics, will be less resilient and less sustainable.
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