How the digital economy is changing security
Head of Macroeconomic Research - AXA R&IS
Tomorrow Augmented: The digital economy’s next stage of evolution
Technology is changing just about every aspect of how we live and work. From healthcare to taxis, to entertainment and financial services - its influence on society is immense. The rise of the digital economy is core to this megatrend.
Over the next several weeks, we will take an in-depth look at this phenomenon and outline how we expect it to grow over the years to come.
Our third piece examines how the digital economy is changing cyber security.
- In addition to traditional threats, financial institutions and market infrastructures are facing growing challenges in the form of cyber-security threats.
- The complexity and interconnectedness of information infrastructures create a systemic risk. Any important failure of information infrastructure could cascade directly to internet-connected companies or systems.
- The most challenging risk stem from people or organisations who would take advantage of a pre-existing bug or incident to amplify their attack, combining physical (information infrastructure) and digital shocks.