Can collaboration save us from cyber attacks?

By Tim Larkins, director of Market Intelligence

By 2020, businesses will experience $3 trillion in economic loss due to cyber attacks globally. Seventy-four percent of the world’s businesses expect to be hacked this year. If that’s not a crisis, I don’t know what is.

If you were one of 45,000 people who attended the RSA conference last month in San Francisco, you likely picked up on a few common themes related to this cyber crisis. Thought leaders and industry experts seemed to agree that we need more collaboration between companies, governments and associations in developing standards, policies and regulations for both cybersecurity and the internet of things.  We need more threat intelligence sharing, and some even advocated for creating an entire government agency dedicated to cybersecurity and IoT.

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