Reducing Systemic Cybersecurity Risk

Abstract

This report is part of a broader OECD study into Future Global Shocks, examples of which could include a further failure of the global financial system and large-scale pandemics. The authors have concluded that very few single cyber-related events have the capacity to cause a global shock. Governments nevertheless need to make detailed preparations to withstand and recover from a wide range of unwanted cyber events, both accidental and deliberate. There are significant and growing risks of localised misery and loss as a result of compromise of computer and telecommunications services. In addition, reliable Internet and other computer facilities are essential in recovering from most other large-scale disasters.

Keywords: information assurance, information security, cyberwarfare

JEL Classification: K33, L13, L22, L86, L96, L98, O33, O38