Cybersecurity Risks Grow in The Global Risks Report 2021

In the new report produced by the World Economic Forum on the most important risks in the world, cybersecurity continues to grow and ranks 4th in a world of pandemics, climate change and crises. Rather than worry, it is an issue that needs to be addressed immediately.

Diseases, including the current COVID-19 pandemic, and extreme weather incidents currently top the table of near-term risks "Clear and Present Dangers" (up to two years). In the same table, cybersecurity failures ranked fourth this year, three places above their place in 2020.

This dizzying rise in the level of cybersecurity risk is a clear consequence of rapid digitalization and the growth of telecommuting during the pandemic, which has increased the exposure of enterprises by creating more complex and potentially less secure networks.

The report argues that, if this path to digitalization continues exponentially, it could generate catastrophic risks over a longer horizon.

The pandemic we are still experiencing has demonstrated the importance of internet access, of being connected and having as many aspects of business and life digitalized as possible. While this has allowed many people to continue working or studying from home, this dependence means that a significant disruption from a cyberattack is becoming increasingly dangerous and crippling, and cybercriminals know it.

Every year this report, and reality itself, show us that cybersecurity is an essential aspect to stay afloat in an increasingly digital world. In 2021 it is essential to continue to elevate the culture of cybersecurity as a critical issue, and to include it in the strategic objectives of organizations, no longer treating it as an isolated business issue.

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