WEF Announces in New Report that a Catastrophic Mutating Cyber Event Will Strike the World in 2 Years || GLOBAL Cyber Attack ‘Likely This Year’ (Says WEF)
- WEF Announces in New Report that a Catastrophic Mutating Cyber Event Will Strike the World in 2 Years
by https://strangesounds.org/
A World Economic Forum report says business leaders believe a “catastrophic cyber event” is coming. Cybercrime will grow from a $3 trillion industry in 2015 to a $10.5 trillion industry by 2025. The unpredictable nature of cybercrime increases threats.
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The 2023 World Economic Forum (WEF) in Davos, Switzerland, has filled us with lots of uplifting predictions, like how companies will soon decode our brain waves. The latest warns of a global catastrophic cyber event in the very near future.
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“The most striking finding that we’ve found,” WEF managing director Jeremy Jurgens said during a presentation highlighting the WEF Global Security Outlook Report 2023, “is that 93 percent of cyber leaders, and 86 percent of cyber business leaders, believe that the geopolitical instability makes a catastrophic cyber event likely in the next two years. This far exceeds anything that we’ve see in previous surveys.”
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Add in the extreme unpredictability of these events—Jurgens cited a cyberattack recently aimed at shutting down Ukranian military abilities that unexpectedly also closed off parts of electricity production across Europe—and the global challenges are only growing.
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“This is a global threat,” Jürgen Stock, Secretary-General of Interpol, said during the presentation. “It calls for a global response and enhanced and coordinated action.” He said the increased profits that the multiple bad “actors” reap from cybercrime should encourage world leaders to work together to make it a priority as they face “new sophisticated tools.”
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One country that recently saw a massive cyberattack, Albania, is now working with larger allies in warding off the criminals, serving as a laboratory of sorts for folks to realize what is coming.
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Edi Rama, Albania’s prime minister, spoke during the presentation, saying that the growth of the cybercrime industry—from $3 trillion in 2015 to an expected $10.5 trillion in 2025—means that if cybercrime was a state, it would be the third largest global economy after the U.S. and China.
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That means the crime coming could truly be catastrophic.
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