Cybersecurity Impacts on the Global Economy

Abstract

This article aims to portray the position of the various governmental and private entities when dealing with issues related to cybersecurity. It is common to see in social and digital media that the world has been experiencing several challenges when it comes to cyber-attacks, invasions in corporate environments, information theft, data leakage, extortion, and even problems related to privacy. With the expansion and elasticity of the internet, several new technologies have emerged allowing more and more forms of interaction and possibilities. It is in this interactivity that we must coldly worry about security from a globalized point of view. So, the idea here is to present and understand how all these items can, together or separately, directly affect the global economy. Many companies feel threatened by the most dangerous resources that can put them at risk, but as a result, they are not prepared to protect themselves from attacks like Ransomware, where attackers hijack data for ransom. We will cite in this work some damage that can be caused by corporate default, or simply by groups of invaders targeting government agencies with the aim of mass destruction. Finally, we will identify some resources that can be favorable for mitigating these intrusions and attacks, as well as outline ways to keep the risks at an acceptable level.

Keywords: 1. Global Economy 2. Cyber Security 3. Ransomware 4. Risks