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Report predicts 'catastrophic cyber event' within next two years resembling an apocalypse

  • The World Economic Forum Global Security Outlook Report 2023 warns that a catastrophic cyber attack is likely to happen in the next two years.
  • The report states that 93% of cyber leaders and 86% of cyber business leaders predict this event, which would be unprecedented in scale.
  • The recent Ukrainian military cyber attack that caused parts of Europe's electricity production to shut down is an example of the potential threat.
  • Albania's PM Edi Rama warns of a cyberattack "apocalypse," comparing the cybercrime industry's growth to a virus like Covid-19.

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