How businesses and Government should tackle cyber threats
CYBER SECURITY
misinformation ” and “ artificial intelligence ” were among the areas with the least “ established ” or “ effective ” international risk mitigation efforts .
The report said that Government at all levels faces mounting responsibilities and many are struggling to uphold their end of the digital social contract : securing critical infrastructure ; addressing threats to “ epistemic security ” from disinformation ; protecting the integrity of civic processes and public services ; legislating against cybercrime ; training and educating populaces around cyber literacy ; regulating digital service providers ; and ensuring the availability of resources , such as rare-earth minerals , for the digital economy . The necessary oversight could lead to overreach as governments move to shut down systems , erect higher digital barriers or embark on digital colonisation ( by monopolising digital systems ) for geopolitical ends .
In conclusion , the WEF said that as our reliance on digital technologies grows and Internet 3.0 becomes reality , efforts aimed at building norms and defining rules of behaviour for all stakeholders in cyberspace are intensifying . While multistakeholder international dialogues can help strengthen links between actors operating in the digital security realm , cooperation between organisations could unlock best practices that can be replicated across industries and economies .
Saadia Zahidi , Managing Director , World Economic Forum says : “ Health and economic disruptions are compounding social cleavages . This is creating tensions at a time when collaboration within societies and among the international community will be fundamental to ensure a more even and rapid global recovery . Global leaders must come together and adopt a coordinated multistakeholder approach to tackle
How businesses and Government should tackle cyber threats
Chaitra Chandrasekhar and Paul
Mee from American management consulting firm Oliver Wyman believe businesses and governments must fight cyber threats together as both sides are vulnerable and the job is too big for either to handle alone .
“ Governments have a broad view of potential threats through law enforcement and intelligence capabilities , but they tend to see things through a national security lens rather than commercial risk . Companies have firm- and sector-specific risk information and often enjoy better access to cybersecurity talent , but they can ’ t easily take an economy-wide view and may find themselves overwhelmed by state sponsored attackers . What ’ s needed is for both sides to pool their resources for a more concerted defense ,” says Chandrasekhar .
They ’ ve put together four ways that Government and businesses can join forces in the battle for cybersecurity .
1 . Share their threat intelligence 2 . Align cyber education with market needs 3 . Sharpen incident response 4 . Build security by design
48 March 2022