Cybersecurity is seen as one of the most acute challenges
The Global Risk Report 2022 was presented yesterday by the (virtual) World Economic Forum (WEF).
Renaud Deraison, CTO and Co-Founder of Tenable, comments on the Global Risk Report:
“In Europe, the weakening of cybersecurity is one of the five biggest risks in the Global Risk Report 2022 of the World Economic Forum, which has worsened the most since the beginning of the COVID-19 crisis. This, in combination with the ongoing democratization of the use of digital currencies, leads to an explosive situation in which attackers are financially motivated to continue launching attacks. The Pandora’s box has been opened and organizations are exposed to cyber vulnerabilities everywhere: critical infrastructures, supply chains, companies – all have the potential to have serious consequences for people, the economy and entire countries.
The next two years will really test the performance of the world’s digital systems, as both experienced and untrained cybercriminals replicate successful attack methods, use ransomware-as-a-service kits, and abuse known but unpatched vulnerabilities. All of these are things that cybersecurity experts have been warning about for years.
Unless both the public and private sectors raise the barriers by collectively raising cybersecurity standards, the capabilities of criminals will far exceed society’s ability to prevent serious attacks. We ended 2021 with the disclosure of Log4SHELL, one of the largest, most critical vulnerabilities in the history of modern computer technology. We expect the full impact of this vulnerability to become apparent in 2022 and beyond.
In the digital age, trust is easily lost and difficult to gain. Companies must do everything in their power to demonstrate strong corporate governance around cybersecurity and integrate it into the fabric of their digital infrastructure. The increasing number of cyber attacks must be an occasion for all parties involved to thoroughly rethink their approach to managing cyber risks.”