Cybercrime and government surveillance pose a risk to the internet comparable in a scale comparable to the 2008 financial melt-down, the World Economic Forum warns in this analysis of the risks facing business and governments in 2014.
The report assesses the impact of cybercrime and government surveillance on the public’s trust in the internet, and warns that the potential fragmentation of the internet could have a serious impact on the global economy.
The World Economic Forum’s Global Risks 2014 report identifies cyberattack as one of the most likely global risks in 2014 and the breakdown of critical information infrastructure as among the global risks likely to have the most impact.
The report analyses 31 global risks and includes a special in-depth investigation into digital disintegration. Other risks of significant concern include income disparity, extreme weather events, unemployment and fiscal crises.
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