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In late 2020, the World Economic Forum stated that “the approach to cybersecurity needs to be overhauled before the industry finds itself in any fit state to tackle the threat.”
The WEF singled out five global cybersecurity challenges:
1. Increasing sophistication of cyberattacks and cyber adversaries
2. Widening cybersecurity skills gap
3. Lack of intelligence and operational information sharing
4. Keeping up with regulatory changes and uncertainty
5. Underinvestment and lack of business buy-in
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