Global Cybersecurity Outlook 2023 INSIGHT REPORT JANUARY 2023In collaboration with AccentureContents Cover: Artwork created using artificial intelligence, prompt, art direction and refining by Studio Miko Images: Getty Images © 2023 World Economic Forum. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, including photocopying and recording, or by any information storage and retrieval system.Disclaimer This document is published by the World Economic Forum as a contribution to a project, insight area or interaction. The findings, interpretations and conclusions expressed herein are a result of a collaborative process facilitated and endorsed by the World Economic Forum but whose results do not necessarily represent the views of the World Economic Forum, nor the entirety of its Members, Partners or other stakeholders.Foreword Executive summary 1 The global cyber landscape 1.1 Geopolitics 1.2 Emerging technology 1.3 Emerging threats 1.4 Laws and regulations 2 Leadership perception changes 2.1 Prioritizing cyber risk in business decisions 2.2 Gaining leadership support 2.3 Cyber talent management 3 A way ahead 3.1 Improving communication 3.2 Reviewing organizational design 3.3 Building security culture 3.4 Closing the cyber talent gap Conclusion Appendix: Methodology Contributors Endnotes3 4 7 8 11 12 13 15 16 21 23 25 26 28 29 30 32 33 34 35 Global Cybersecurity Outlook 2023 2Foreword Geopolitical instability, rapidly maturing and emerging technologies, lack of available talent, and increasing shareholder and regulatory expectations represent some of the significant challenges that concern cyber and business leaders. If the findings of last year’s Global Cybersecurity Outlook reflected the lingering impact of the pandemic, and the effects of rapid digitalization, this year’s Global Cybersecurity Outlook reveals concerns about an increasingly fragmented and unpredictable world. Building cyber resilience, globally, has been one of the key priorities of the World Economic Forum’s Centre for Cybersecurity since its inception. Inherent in that work is bridge-building – between the public and private sectors, and between cyber experts and business leaders. This year, when the Centre engaged its network of global cyber and business leaders to solicit their insights on emerging cyberthreats, we could see both how far we have come, and how far we have yet to go in helping translate cyber-risk issues into communication that C-suites and boards of directors can use effectively. The outlook, however, need not seem bleak. There’s hope for better understanding – and more effective action – in the future. The best leaders avail themselves of wide-ranging information and listen to all of their stakeholders, understand their role and impact, and exercise good judgement to achieve the optimum outcomes. These attributes are no less necessary in cybersecurity than they are in any other domain. In this edition of the Global Cybersecurity Outlook, we are pleased to see improvement in a crucial area – awareness of cyber-risk issues, at the executive level, has gone up. At the same time, this year’s Global Cybersecurity Outlook report represents a challenge to leaders – to think more deeply about cybersecurity and listen more intently to cyber experts, and to each other, in order to ensure our shared resilience.Awareness and preparation will help organizations balance the value of new technology against the cyber risk that comes with it. Paolo Dal Cin Global Lead, Accenture SecurityJeremy Jurgens Managing Director, World Economic Forum Global Cybersecurity Outlook 2023 January 2023 Global Cybersecurity Outlook 2023 3Executive summary Hearing is not the same as listening. This aptly characterizes the relationship between cyber and business leaders in many organizations, according to research for the 2023 Global Cybersecurit