Slow road to cyber resilience during 'poly-crisis'
There are several major crises facing the world, with a prolonged war in Ukraine, global political uncertainty, rising food and fuel costs, extreme weather events and supply chain issues all in effect. This, all during a time when cyber security attacks continue to grow at unprecedented rates, has been described as a time of poly-crisis.
During these times, building resilience to cyber attacks requires a combined effort that is not restricted by borders or businesses, according to the Centre for Cybersecurity at the World Economic Forum.
The Global Cybersecurity Outlook 2023, published by the WEF in January, states “it is fundamental for private and public sectors to strengthen cyber resilience to mitigate future disruption”. The report finds that 91% of business leaders expect a “far-reaching, catastrophic cyber event” before 2025.
Considering past experiences, such as the WannaCry ransomware in 2017 that brought the UK's National Health Service to its knees, the next big attack is expected to bring down entire countries or groups of countries.