Risk Nexus - Overcome by cyber risks? Economic benefits and costs of alternate cyber futures
In 2030, will the Internet and related information and communications technologies (ICT) continue to drive global innovation and prosperity? Or, will that bright promise be swamped by an unstable and insecure Internet, so overwhelmed by non-stop attacks that it has become an increasing drag on economic growth? The answers, as far as we can predict, are not promising and mean the difference in tens of trillions of dollars in global economic growth over the next fifteen years.
So far, cyberspace has been safe enough, secure enough, and resilient enough for the past decades to re-invent nearly every industry, create a ’hyperconnected world,’ and transform the global economy.
ORBIS is powered by ESPAS, the European Strategy and Policy Analysis System, a unique inter-institutional project aimed at strengthening the EU's efforts in the crucial area of forward planning. ESPAS brings together the European Commission, the European Parliament, the Secretariat General of the Council of the European Union and the European External Action Service to strengthen the Union's collective administrative capacity to identify and analyse the key trends and challenges, and the resulting policy choices, which are likely to confront Europe and the wider world in the decades ahead.