Friday, 17 July 2020

How to build a public-private cybersecurity partnership for the modern era

In every country, knowhow about truly strong cybersecurity is held and protected by governments.
Given the increasing threat from and sophistication of cyberattacks on businesses, however, that must change.

Here's how corporates and governments should take the first steps towards each other to build stronger cyber defences all round.

Cyberattacks continue to be reported as a key business risk. In the recent World Economic Forum's Regional Risks for Doing Business 2019 report, survey respondents in six of the world’s 10-largest economies identified cyberattacks as their number one risk.

However, as distinct from other risks such as fiscal crises or energy price shocks, cyberattacks have a clear mitigation: cybersecurity. Yet despite a decade of rising spending, respondents do not have confidence in their ability to deliver sufficiently strong computer engineer vs computer science to mitigate the risk.

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