Cyber Security and Digital Economy: Opportunities, Growth and Challenges

Abstract

The digital age has witnessed the exponential growth of the international economy, propelled by digital technology and the deepening interconnectedness of the global landscape. However, amidst this rapid expansion lies a plethora of Cyber Security (CS) risks within the Digital Economy (DE), ranging from hacker assaults to data breaches and intellectual property theft. The heightened importance of CS resonates across organizations, nations, and individuals worldwide. This study delves into the dynamics of development and expansion within the DE while concurrently addressing the looming threats to CS. Central to its analysis is the imperative of implementing efficient CS protocols, encompassing preventive measures, detection strategies, and swift response mechanisms against online threats. Moreover, the discourse extends to strategies for enhancing CS resilience through investments in infrastructure, capacity building initiatives, and public awareness campaigns, involving both corporate entities and governmental bodies. Furthermore, this research probes into the intricate interplay between cutting-edge technologies such as blockchain, Artificial Intelligence (AI), and the Internet of Things (IoT) and their impact on CS. While these technologies hold immense potential to revolutionize the DE landscape, they concurrently introduce novel security vulnerabilities that malicious actors may exploit. In conclusion, the study underscores that while the DE offers boundless opportunities for development and innovation, robust CS measures stand as indispensable safeguards against online threats, ensuring the sustained viability and integrity of the sector in the long term.