World Economic Forum and Accenture Release 'Global Cybersecurity Outlook 2025' Report
The World Economic Forum, in collaboration with Accenture, has released the Global Cybersecurity Outlook 2025 report, highlighting the growing complexity of the cyber landscape and its far-reaching implications for organizations and nations. The report also reveals that cybercrime disrupted global economies, costing $12.5 billion in 2023.
Factors Contributing to the Increasing Complexity of Cybersecurity:
Supply Chain Vulnerabilities: The expanding complexity of supply chains and limited oversight have created risks, with flaws in third-party software enabling cyberattacks to spread throughout the ecosystem.
Geopolitical Tensions: Conflicts are prompting advanced cyber strategies that threaten critical infrastructure, such as energy and telecommunications.
AI-Driven Threats: Generative AI allows for the cost-effective, scalable deployment of malware and sophisticated multilingual social engineering attacks, which manipulate individuals to gain control over systems.
Cyber Skills Gap: An 8% growing skills gap means two-thirds of organizations are unable to effectively address their security needs.
Convergence of Cybercrime and Organized Crime: The rise of cyber-enabled fraud has attracted violent organized crime groups into the cyber domain, increasing the scale and social impact of cybercrime.
Climate-Linked Cyber Risks: Energy grids are facing increased risks due to their dependence on evolving energy systems.
Quantum Vulnerabilities: Quantum computing has the potential to break public-key encryption, which is critical for securing digital systems.
The report emphasizes that overcoming these cyber challenges requires a shift in perspective. Cyber resilience must be seen as a collective responsibility, with leaders recognizing cybersecurity as a strategic investment to address emerging threats.
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