Today’s LiveWire Spotlight evaluates a report issued September 28 by the New York Cyber Task Force – a team of thirty experts from industry, academia, government, and consultants assembled by Columbia University’s School of International and Public Affairs. The group offers a series of recommendations hoping to touch off a dramatic improvement in public and private sector cyber security, without giving up the benefits that wide area networks bring to society.
Global cyber security costs are roughly $75 billion per year, with very mixed results. With ever-increasing Internet use, those outlays are expected to exceed $1.2 trillion yearly by 2030 – unless highly leveraged protective strategies are widely deployed.