The Cybersecurity Recession Nexus

The Cybersecurity Recession Nexus The ongoing war in Ukraine has raised risks of major cyberattacks affecting companies, governments, and households. A major cyberattack forcing companies offline could trigger a recession if widespread. Critical infrastructure (e.g., airports, transportation systems, electrical grids, energy delivery systems), company operations (e.g., financial sector, hospitals), and government systems (e.g., defense and nondefense operations) could be severely compromised, causing major disruptions and elevated costs. However, governments and firms are not without defenses and tools for building resilience. We discuss six steps for governments and four for businesses to protect against economically disruptive cyber risks. READ »