"Leaders Anticipate Cyber-Catastrophe in 2023, Report World Economic Forum, Accenture"

The Russia-Ukraine war emboldened cybercriminals, and Ransomware-as-a-Service (RaaS) began to flourish in 2022, presenting more challenges for enterprise security. According to the report "Global Cyber Security Outlook 2023" from the World Economic Forum (WEF) and Accenture, the threat landscape will continue to get worse. The study conducted by WEF and Accenture, revealed that 86 percent of business leaders and 93 percent of cyber leaders believe that geopolitical instability will result in catastrophic cyber events over the next two years. In response to geopolitical uncertainty, 49 percent of business leaders and cyber leaders said they would reevaluate the nations in which their company does business. On a positive note, the study discovered that organizations considering cyber risk in their decision-making processes are more confident in their cyber resilience and are better equipped to recover from cyberattacks. This article continues to discuss key findings and points made in the Global Cyber Security Outlook 2023 report from WEF and Accenture. 

VB reports "Leaders Anticipate Cyber-Catastrophe in 2023, Report World Economic Forum, Accenture"