Cybersecurity muscle needs an ecosystem
There needs to be greater collaboration to develop a career path for cybersecurity professionals.
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IF there ever were a "Year of the Hacker", 2017 would have marked that watershed moment. Besides the more familiar malware attacks named WannaCry and NotPetya, attacks mounted on the US Central Intelligence Agency, the Bangladeshi Central Bank and Equifax also caught many cyber-professionals off-guard.
Rather ominously, the World Economic Forum (WEF)'s 2018 Global Risks Report published in January shows that cyber risks continue to be among the top five risks facing the global economy.
Aside from business disruption, reputational damage, intellectual property theft and data confidentiality breaches, the WEF opines that cyberattacks will result in an estimated US$8 trillion of financial losses by 2022.
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