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Digital Age - The future will be about Cyber Security

The rapid pace of change in technology has provided huge opportunities for organizations to develop new models, services and products. While the digital revolution has evolved the way we do business, it has also created a sophisticated and complex set of security issues. Assets that were once physically protected are accessible online; customer channels are vulnerable to disruption; criminals have new opportunities for theft and fraud. I believe even the United Nations and their agencies should have been paying attention as they need to rethink how innocent humanity is also being compromised at all levels from a human rights point of view to protection the innocent rights in the digital age from an end point of view.

Big issue is security. it's always an issue. this year it's not just physical security. it's also tech security. from snipers to swiss army checkpoints, in  Davos: Global cybersecurity concerns and security is no joke. with heads of state and heads of businesses all in one location, the visible security is re-assuring but according to security consultant and former FBI agent Edward Strauss, there's one risk that virtually no one can prevent. i think all the security you see is part of a comfort level, absolutely. but it can be a step in a direction that doesn't take you as far as you think it is taking you when it comes to your information security. that's e-mails, phone calls, text messages and computer files. people have to work an you have to be realistic. the fact that they are located in a single location, they can be targeted. targeted through wi-fi and usb thumb drives. hen they get a thumb drive, think of it as a syringe or needing. it's possible there is a code on that thumb drive that is going to be loaded into your device and could have unintended consequences. just last year, unconfirmed reports surfaced out of the g-20 summit that participants were given thumb drives bugged by the kremlin, something russia denies. this is a major area of business risk to an operational level. we employ encryption technologies where required and subject ourselves to external and internal audits. there are steps you can take as well. strauss says start with the basics like passwords and having your i.t. team check your device before you plug them in back home. he also suggests bringing secondary devices, ones with the bare essentials in terms of what's loaded on to them. that way if it's compromised, the data accessed is limited. even for smartphones, you're in meetings and they are confidential, perhaps put them on airplane mode. this way they are less likely to be activated for the microphone to be turned on, camera to be turned on. reporter: small steps that can go a big way in terms of protecting your information. a lot of people will be focusing on their phones and whether they'll get into wi-fi networks and how they're working this time at Davos. a little bit of a change.

Davos: Failure to boost cyber security could cost the world economy a staggering $3 trillion as new regulations and approaches to deal with destructive attacks would stifle innovation, according to a report.


With the recent proliferation of cyber-attacks, corporate executives need to devote increasing attention to protecting information assets and on-line operations, said the report released on Monday by the World Economic Forum (WEF) in collaboration with global consultancy McKinsey & Company. Titled 'Risk and Responsibility in a Hyperconnected World', the report cautioned that there could be increased cyber-attacks if there is a failure to strengthen capabilities for deterring such activities. Major technology trends, including massive analytics, cloud computing and big data, could create between $9.6 trillion and $21.6 trillion in value for the global economy.


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