Industry Underinvested in Cybersecurity Support: World Economic Forum

Industry is underinvested in support and incentives for securing emerging technology, the World Economic Forum reported Monday. The WEF cited increases in regulatory requirements and cybersecurity costs. It noted cybercrime reporting is up 300% since the start of the pandemic, says the FBI. “We have been doing cybersecurity the same way for the past 15 years and it’s not going to work anymore,” said WEF Cybersecurity Lead Will Dixon. “What has changed is that now, the criminals of the future can easily exploit these emerging technologies and our growing interconnectivity at a scale not seen before.”