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Economy
Jan 13, 2025

WEF’s Global Cybersecurity Outlook released

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FA News Desk
WEF

The World Economic Forum’s (WEF) Global Cybersecurity Outlook 2025 report released highlights the increasing complexity in the cyber landscape, which has significant implications for organizations and nations.

This complexity arises from the rapid growth of emerging technologies, prevailing geopolitical uncertainty, the evolution of threats, regulatory challenges, vulnerabilities in supply chain interdependencies and the growing cyber skills gap, said the press release of WEF.

Growing complexity further exacerbates cyber inequity, deepening the divide between developed and emerging economies, expanding sectoral disparities, and widening the gap between large and small organizations.

“Cyberspace is more complex and challenging than ever due to rapid technological advancements, growing cybercriminal sophistication and deeply interconnected supply chains. The Global Cybersecurity Outlook equips leaders with essential insights to navigate these challenges and strengthen cyber resilience,” said Jeremy Jurgens, Managing Director, World Economic Forum.

“Collaboration between public and private sector stakeholders is paramount to secure the benefits of digitalization for all.”

The report identifies Supply chain risk interdependencies, Geopolitical tensions, Security in the Intelligent Age, Evolution of the threat landscape and Regulation and Workforce Challenge as key factors driving the accelerating complexity and unpredictability in the cyber landscape, along with insights into their cumulative impact on both organizational and national cybersecurity posture.

The report calls for a shift in perspective from cybersecurity to enhanced cyber resilience underscoring the importance of evaluating cyber risks from a socioeconomic perspective, reads the release adding, the Global Cybersecurity Outlook 2025 provides a comprehensive analysis of the escalating complexities in cybersecurity, with actionable insights to help leaders navigate the ever-changing cyberspace.

The report emphasizes the need for collaborative efforts across the ecosystem to secure the interconnected networks essential to our digital economy and to effectively address the increasing shortage of cybersecurity skills. It also explores the economic implications of cybersecurity and highlights the critical role of leadership in prioritizing cybersecurity as a core business enabler, it said.

The World Economic Forum Annual Meeting 2025 is taking place in Davos-Klosters, Switzerland from 20 to 24 January convenes global leaders under the theme Collaboration for the Intelligent Age will foster new partnerships and insights to shape a more sustainable, inclusive future in an era of rapidly advancing technology, focusing on Reimagining Growth, Industries in the Intelligent Age, Investing in People, Safeguarding the Planet, and Rebuilding Trust.