“Over the past 10 years, information and communications technologies (ICTs) have become essential to the functioning of the economy as well as key drivers for development in all sectors. Governments, businesses, public and private organizations, and individuals have become dependent on the digital environment for their core activities.
Therefore, they all face a growing number of uncertainties. Cyber, digital and ICT hardware and software security threats and incidents have increased, leading to significant financial, privacy and reputational consequences, and in some cases even to physical damage. Digital security incidents can have far-reaching economic consequences for organizations. Examples include disruption of operations (denial-of-service attacks, disruption of information assurance and sabotage), direct financial loss of hundreds of billions of euros, lawsuits, reputational damage, the theft of intellectual property, technology and research, loss of competitiveness (theft of trade secrets), as well as loss of trust among citizens, customers, employees, shareholders and partners...”
Excerpt from Agnieszka Wierzbicka, “ Public-Private Partnerships,” per Concordiam: Journal of European Security Defense Issues 9, No. 1, 2018: 22-29.
Agnieszka Wierzbicka, a graduate of LPASS 2011, is a Policy Officer in the Department of Cyber Security at the Polish Ministry of Digital Affairs.
This article reflects the views of the author and are not necessarily the official policy of the United States, Germany, or any other governments.