Risk and responsibility in a hyper connected world: Implications for enterprises

When "everything is becoming digital", private, public, and civil institutions become more dependent on information systems and more vulnerable to attack by sophisticated cybercriminals, political "hacktivists", nation-states, and even their own employees. As a result, all of our institutions will have to make increasingly thoughtful trade-offs between the value inherent in a hyper connected world and the risk of operational disruption, intellectual property loss, public embarrassment, and fraud that cyber-attacks create.

McKinsey and the World Economic Forum undertook joint research to develop a fact-based view of cyber risks, assess their economic and strategic implications, and lay out a path forward. Interviews with executives and data from more than 200 enterprises, technology vendors, and public agencies contributed to the three main findings for enterprises