The New Cybercrime Atlas: A Collaborative Approach To Fighting Digital Crime
Fortinet News, Monday, January 29th, 2024
The global transition to the digital economy means that the operations of governments, critical infrastructures, businesses, and individuals are now a tightly integrated system of interconnected resources.
Everything from commerce and banking to delivering critical services to managing international transportation and energy grids are now online, and many of their underlying resources, such as supply chains, are interdependent. Because of this, digital disruptions can have far-reaching implications, impacting the lives and well-being of virtually everyone.
Cybercrime presents a significant risk to this new digital world, impacting everyone from individuals and companies to critical infrastructure and governments. In its Global Risks Report for 2024, the World Economic Forum has identified AI-generated misinformation/disinformation and cyber insecurity as among the top risks facing the global community. The forum has also pointed out that cybercrime is now the world's third-largest economy after the United States and China. But its potential impact goes well beyond financial loss. In addition to direct damages, cybercrime creates an enormous barrier to digital trust, undermines the benefits of cyberspace, increases global inequality, and hinders international cyber-stability efforts.
The challenge is how to raise the bar for everyone-businesses, governments, academic institutions, law enforcement, and individual citizens alike.