Protecting the value of digital investments is top of mind for global leaders. Countries are provisioning near ubiquitous communications to every household and business, and pursuing a development and modernization agenda to nurture their information society into the digital age. These initiatives promise to increase productivity and efficiency, enhance work force skills, drive innovation and deliver GDP growth. Yet these investments have also created an attractive infrastructure and platform for a wide range of nefarious cyber activities that erode GDP growth. For example, the Netherlands has shown that cyber crime costs Dutch society at least 10 billion Euros per annum, or nearly two percent of their GDP. Germany and the United Kingdom report similar losses. The United States estimates the annual impact of international intellectual property theft to the American economy at $300 billion or one percent of its GDP. Put simply, no country is cyber ready.
Melissa Hathaway will give an overview of the latest developments in cybersecurity from a US and then global perspective—and discuss what is at stake for companies and nations.
The CIGI Global Policy Forum is an exclusive, invitation-only series of talks offering authoritative analysis on policy-relevant issues affecting Canada and its place in the world. Launched in 2012 by the Centre for International Governance Innovation, and held at the Rideau Club in Ottawa, the CIGI Global Policy Forum offers audience members access to a wide range of distinguished speakers: policy experts and influencers shaping the world’s debates and discussions on global economic, security, development and environmental issues.
Melissa Hathaway is president of Hathaway Global Strategies LLC and a member of CIGI’s Board of Directors.