Digital threats have economic dimension, says OECD

2 Oct 15

Governments and public sector leaders need to starting viewing digital security as an economic threat rather than a technical issue, the Organisation for Economic Co-operation and Development has warned.

The economic think-tank today issued Digital security risk management, its first set of digital recommendations in 13 years on.
It argues that global digital connectivity has brought considerable business and economic opportunities but threats are growing in number and sophistication.
“Digital risk cannot be eliminated, and a totally secure digital environment is impossible if you want to reap the economic potential it opens up,” said OECD science, technology and innovation director Andrew Wyckoff.
“But digital risk can be managed effectively. The leaders of an organisation are best-placed to steer the cultural and organisational changes needed to reduce this risk to an acceptable level.”
Both governments and private companies should take specific responsibility in combatting digital risks, the OECD said.
The OECD recommendations calls on the highest level of leadership in government and in public and private organisations to adopt an approach to digital security risk management that builds trust and takes advantage of the open digital environment for economic and social prosperity.

  • Judith Ugwumadu
    Judith Ugwumadu

    Judith writes about public finance, public services and economics across Cooking Recipes International and Cooking Recipes. She previously undertook reporting stints at Financial Adviser, Global Security Finance and The Sunday Express.

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