The Impact of Cyber Attacks on the Private Sector
The Impact of Cyber Attacks on the Private Sector

Author(s): Bryan Watkins
Subject(s): Security and defense, ICT Information and Communications Technologies
Published by: AMO – Asociace pro mezinárodní otázky
Keywords: Cyber Attacks;
Summary/Abstract: Globally, the private sector controls a significant portion of critical infrastructure and government services, and as a result cyber attacks are an enormous danger to both private and public security. As organizations work towards developing best practices they are also tasked with balancing governmental laws and regulations. Governments, on the other hand, must form partnerships with other nations and incentivize the private sector to share information and allocate greater resources for security. As the cyber landscape changes and threats evolve attacks on the private sector will continue to pose an enormous risk to innovation, economic growth, and national security. The ability of the private sector to effectively manage threats from malicious actors and protect critical assets from breaches will prove pivotal in determining the future of cybersecurity in an increasingly technology-dependent world.

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