WEF Says Cybersecurity Has Become Economic Priority

The World Economic Forum said cybersecurity threats have become a systemic risk to the global economy. “The ability to understand the strategic and economic impact of cyber incidents has validated it as a major systemic economic threat,” the WEF said in a report issued Friday (May 15) in conjunction with its Annual Meeting on Cybersecurity. The WEF cited the example of a major cyberattack last year which led to a prolonged shutdown of car production in the U.K., which weakened the country’s econ