26/06/2023
But what is even more insidious is the prospect of covert modifications of critical data, such as financial records or stock market settlement statements, which could cause lasting and enormously costly damage to the global financial system, and as a result, the world economy.
Laying down the law
What can be done to address these enormous global challenges?
One of the most important is the urgent establishment of global norms among the major industrial and developing countries on issues of national security and economic cyberespionage conducted by their intelligence agencies and military services. As daily news accounts of discovered hacking incidents from around the world reveal, this problem is reaching epidemic proportions, with more and more countries involved. Unless an enforceable accord can be established to regulate the impact of these activities on private sector companies and regular citizens, this issue will poison global business relationships and further Balkanize the Internet.
If you& #39;re a topical expert — researcher, business leader, author or innovator — and would like to contribute an op-ed piece, email us here.
If you're a topical expert — researcher, business leader, author or innovator — and would like to contribute an op-ed piece, email us here.
Second, we need to promote broader cooperation among countries on the investigation and prosecution of cybercriminals, terrorists and hacktivist groups. We have witnessed encouraging signs, with law-enforcement cooperation between the United States and China, two of the greatest archrivals in cyberspace.