Shifts in cyber threats outpace regulation

Significance

Many regions -- including the three largest digital markets of the United States, the EU and China -- have regulatory frameworks governing cybersecurity and breach mitigation efforts. However, few of these regulations include provisions to evaluate and assess the effectiveness of the measures.

Impacts

• The US government will work with internal companies and foreign governments to prioritise supply chain cybersecurity.
• Cryptocurrency platforms are becoming top cybercrime targets but are still lightly regulated.
• As financial flows increasingly bypass the traditional banking system, the diversified finance sector will become a top crime target.