Davos 2023: Experts call for a global response to the gathering 'cyber storm'

Jan 19, 2023
2 mins
Smita M

Cybersecurity was a major topic of discussion at the World Economic Forum's Annual Meeting 2023 in Davos, Switzerland.

As economic and geopolitical instability spills into the new year, experts predict that 2023 will be a consequential year for cybersecurity. The developments, they say, will include an expanded threat landscape and increasingly sophisticated cyberattacks

“This is a global threat, and it calls for a global response,” said Jürgen Stock, INTERPOL Secretary-General.

Already, cyberattacks such as phishing, ransomware and distributed denial-of-service (DDoS) attacks are on the rise. Cloudflare, a major US cybersecurity firm that provides protection services for over 30% of Fortune 500 companies, found that DDoS attacks—which entail overwhelming a server with a flood of traffic to disrupt a network or webpage—increased last year by 79% year-over-year.

The Annual Meeting 2023 coincided with the release of the Forum’s 2023 Global Cybersecurity Outlook. You can download a copy of the file using the form below.

The report notes that the potential targets for cyberattacks are increasing. Today, targets include not only government agencies or major corporations, but largely any organization that handles consumer data—no matter how small.

Download the report now to read more about it.


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