While almost 95 percent of cybersecurity issues can be traced back to human error, such as accidentally clicking on a malicious link, most governments have not invested enough to educate their citizens about the risks, according to a report from the Oliver Wyman Forum.

Cyber risk literacy of the population

Cyber literacy, along with financial literacy, is a new 21st century priority for governments, educational institutions, and businesses.

“Cyberattacks are now one of the fastest growing crimes globally and are expected to cost organizations more than $600 billion dollars a year by 2021,” said Paul Mee of the Oliver Wyman Forum.