Thought you should know.
, “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.”
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. “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.
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.Rama cited the global response to COVID-19 and said a cyberattack could be much more substantial:
“Let’s imagine an exponential multitude of viruses that mutate everyday exponentially while not threatening our body, but the bodies we live in, our organizations, our countries, our system, then, you know, it could be just apocalypse. It’s about viruses that can not only block our way of living, but can control it and deviate it.”Tim Newcomb is a journalist based in the Pacific Northwest.
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