Digital connectivity plays an anchor role in unlocking innovation and prosperity around the world, but increasing cyber threat is a roadblock to collective path of progress.
The fourth industrial revolution, which combines advanced technologies in innovative ways, is set to dramatically reshape the way people live, work and relate to one another. As per Cybersecurity Ventures, the cybercrime will cost the world $6tn annually by 2021, this is up from $3tn in 2015.
Cybercrime costs include damage and destruction of data, stolen money, lost productivity, and theft of intellectual property, theft of personal and financial data, embezzlement, fraud, and post-attack disruption to the normal course of business, forensic investigation, restoration and deletion of hacked data and systems, and reputational harm.
The work space is undergoing changes, robotics and artificial intelligence are going to play important roles and the customer will be more empowered in the digital environment. Data breaches in 2018 compromised the personal information of millions of people around the world.
The latest victims were Marriott hotels, which recently revealed that hackers had accessed the…
