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A Wake-Up Call on Geopolitical Risk

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ITL Focus: Cyber

This Month's Focus Topic 


How bad has the cybersecurity issue become? Well, The Economist, not known for hysteria, published a story in late December with the headline, "How ransomware could cripple countries, not just companies."

The magazine noted that the British Library, one of the most important in the world, had been hacked in October. The data for its catalog of 14 million books, used by researchers around the globe, was encrypted, and the hackers demanded a ransom. The library declined to pay and has only gradually been able to restore its services.

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