While cybersecurity may not seem the most urgent priority for entrepreneurs and their start-up business ventures, increasing the emphasis placed on cybersecurity reaps rewards as the business matures. This is the key message from cyber risk analytics expert CyberCube in its contribution to a new World Economic Forum report published.
The report Incentivising Responsible and Secure Innovation: A Framework for Investors and Entrepreneurs focuses on incentivising secure and responsible innovation during this period of rapid technological change and high consumer demand for internet-connected products. According to the report, “digital technologies are introducing new vulnerabilities faster than they can be secured and the prospect of curbing cyberattacks diminishes with each additional unsecured technology”.
