Do we understand Economic Impact of Cyber-Security Risks?

Risk Group Founder, Jayshree Pandya Ph.D discusses the “Economic Impact of Cyber-Security Risks with Prof. Aman Aggarwal, a renowned Economist, and a Senior Vice-Chairman at Indian Institute of Finance on Risk Roundup.   Introduction As the Digital Global Age continues the integration of computers, communities and cultures, it also brings an unfamiliar compulsion for nations: its government, industries, organizations and academia (NGIOA) to come together, and work towards a collective security goal, within and across its geographical boundaries. Cyber-attacks, or breaches of information and data security brings nations on the path of unprecedented robbery that has potential consequences of the greatest transfer of wealth in human history! These break-ins exist due to lack of effective security in Cyberspace, which is allowing hundreds of thousands of pages of ideas, designs, business plans, blueprints, and other forms or intellectual property taken from entities across industries, without their knowledge or permission. Evaluating the thefts and its impact in economic terms will help NGIOA understand the quality and quantity of its security efforts and initiatives in cyberspace and geospace.   Copyright: Risk Group LLC.