Protecting growth: The importance of improving global cyber governance

Technological advances such as the ”internet of things”, 3D technology and driverless cars are creating immense opportunities for businesses, but also creating existential risks. As Zurich/Atlantic Council’s report Beyond Data breaches: global interconnections of cyber risk observed, cyber risk is becoming increasingly systemic and interconnected as technology develops.

But how well placed is the global community to improve global cyber governance?

Indeed, the scale, interconnectivity and importance of today’s internet in some way resembles the pre-crisis 2008 financial system. We are now reaching a tipping point, where the growing complexity of this integrated digital landscape becomes unmanageable, leading to the possibility of a systemic disruption or collapse. Increasing cyber risks are curtailing investments into new technologies, lead to key opportunities being missed and reduce economic growth on a global scale.

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