Adoption of connected devices during the pandemic has led to a dramatic increase in cyberattacks and if left unchecked, the cost of cyberattacks will continue to rise, threatening a fragile global economy, WEF said on Tuesday. In a new report prepared in collaboration with the Council on the Connected World, titled ‘The State of the Connected World 2023 edition’, the World Economic Forum (WEF) said the immediate threats can be mitigated through robust security protocols and governance through public-private cooperation. The report surveyed 270 experts around the world to understand the state of play and establish clear priorities for technology governance. ”At a time when the global economy is fragile, we have the necessary tools to reduce at least one of the major threats to the global economy – cyberattacks,” said Jeff Merritt, Head of Urban Transformation, World Economic Forum.
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