Cybersecurity Impacts on the Global Economy

Abstract

This article aims to portray the position of the various governmental and private entities when dealing with issues related
to cybersecurity. It is common to see in social and digital media that the world has been experiencing several challenges
when it comes to cyber-attacks, invasions in corporate environments, information theft, data leakage, extortion, and even
problems related to privacy. With the expansion and elasticity of the internet, several new technologies have emerged
allowing more and more forms of interaction and possibilities. It is in this interactivity that we must coldly worry about
security from a globalized point of view. So, the idea here is to present and understand how all these items can, together
or separately, directly aff ect the global economy. Many companies feel threatened by the most dangerous resources that
can put them at risk, but as a result, they are not prepared to protect themselves from attacks like Ransomware, where
attackers hijack data for ransom. We will cite in this work some damage that can be caused by corporate default, or
simply by groups of invaders targeting government agencies with the aim of mass destruction. Finally, we will identify
some resources that can be favorable for mitigating these intrusions and attacks, as well as outline ways to keep the risks
at an acceptable level.