Current Situation:
- Systemic Cyber Risk: No industry standard definition exists for systemic cyber risk. This risk includes independent cyber risks affecting individual companies or regions and cascading cyber events with unpredictable implications across hardware, software, economy, military, and health sectors.
- AI and Quantum Computing Threats: The advent of AI and quantum computing presents significant threats, exploiting vulnerabilities in our increasingly interconnected world, including critical infrastructure.
- Cyber-Physical Security Gap: A substantial gap exists between understanding cyber security and physical security, with a blurred line between digital and physical realms, leading to increased vulnerability.
- Asymmetric Cyber Warfare: Cyber attacks allow significant damage with minimal resources, demonstrated by state-sponsored cyber activities like North Korea's cyber crimes for government funding.
