The rapid increase in cyberattacks and pressures escalating from changes prompted by COVID-19 have shifted consumer behavior. The findings of a report by the World Economic Forum outline core cybersecurity principles and point to how companies and investors must significantly reduce cyber risk to remain competitive.

“There is a serious imbalance between the “time to market” pressures and the “time to security” requirements for shiny new products and gadgets,” said Algirde Pipikaite, Cybersecurity Lead, World Economic Forum.