A Whole New World for Cybersecurity

Topics: Risk Management

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Hans Brechbühl, M. Eric Johnson

US News & World Report

South Korea experienced a cyber-nightmare that may not be unusual in the coming years. An attack on the scale of “DarkSeoul,” whose origins are as yet unknown, is almost certain to be replicated in the U.S. and Europe in the next decade.

Threats from cyberattacks have increased dramatically over the past ten years. In response, spending on information security has exploded, and was estimated to reach $60 billion globally last year, according to Gartner. A decade ago, many security staff were technicians in closet-sized offices responsible for maintaining a company’s firewall and giving the occasional lecture to employees on avoiding dubious websites or putting suspect thumb-drives in their laptops. Today chief information security officers have staffs and are briefing the board of directors—and they’re playing a lead role in managing risk across the world’s biggest companies.

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