Tech Desk 
Nov 12, 2024
In times marked by rising cyber crimes, the World Economic Forum (WEF) has dubbed cyber risks “ever-growing concerns” for organisations, urging global and regional collaboration to set these cyber woes aside.
The notable rise in the cyber resilience paradigm has emerged owing to organisations opting for digitalisation, due to which they are less likely to counter malicious attacks, the WEF said in a report published on Monday.
Titled "Unpacking Cyber Resilience", the report was drafted by the WEF in collaboration with the University of Oxford’s Global Cybersecurity Capacity Centre and leaders in the realm of cybersecurity.
Protecting service delivery, maintaining stakeholder trust, and safeguarding assets are the primary objectives for enterprises which heavily deploy digital technologies, according to the report.
The report urged organisations, regulators, and policy-makers at international, national, and regional levels to collaborate and develop regulations in favour of cyber resilience.
“This needs to take into account the requirement to ensure an appropriate level of consistency between regulatory jurisdictions and to recognise that the cyber resilience imperative may sometimes conflict with other regulatory imperatives such as those relating to competition and pricing.”
Other major points highlighted in the report include the construction of adaptable strategies and the use of shared insights by organisations from cyber industry veterans to simplify the complexities woven around the landscape of cyber security. This approach, as mentioned in the report, will help deliver cyber resilience.
