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Resilience in the Cyber Era is Critical for Countries and Organizations

The Internet has penetrated almost every level of human activity. Among members of the Organization for Economic Co-operation and Development (OECD), 70% of households and 94 percent of businesses with 10 or more employees are already online. Worldwide, the number of Internet users is projected to rise from 6.4 per 100 inhabitants in 2000 to 29.7 per 100 by 2010.

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The estimated median cost of cyber crime for an organization—including loss of property, loss of productivity, and cost to remediate—rose from US$3.8 million in 2010 to US$5.9 million in 2011

The Internet has penetrated almost every level of human activity. Among members of the Organization for Economic Co-operation and Development (OECD), 70% of households and 94 percent of businesses with 10 or more employees are already online. Worldwide, the number of Internet users is projected to rise from 6.4 per 100 inhabitants in 2000 to 29.7 per 100 by 2010.

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But as the world’s digital market expands, so do the threats to its security. The estimated median cost of cyber crime for an organization—including loss of property, loss of productivity, and cost to remediate—rose from US$3.8 million in 2010 to US$5.9 million in 2011, according to Ponemon Institute’s Second Annual Cost of Cyber Crime Study (2011). The incidence of cyber attacks has also increased by 44 percent per year in this period, to an average of 1.4 successful attacks per week, per organization.

A survey conducted for this research program has confirmed both the Internet’s benefits and its risks

One-third (32 percent) of executives say their country’s economy relies on cyber infrastructure to an overwhelming extent. A further 54 percent say cyber infrastructure is at least of equal importance to their country’s growth as other factors. When executives were asked the same question with respect to the economic growth of their organizations, 41 percent of respondents said they considered cyber infrastructure more important to their organization’s growth than other factors, and 48 percent considered it of equal importance.

The estimated median cost of cyber crime for an organization—including loss of property, loss of productivity, and cost to remediate—rose from US$3.8 million in 2010 to US$5.9 million in 2011

The estimated median cost of cyber crime for an organization—including loss of property, loss of productivity, and cost to remediate—rose from US$3.8 million in 2010 to US$5.9 million in 2011

 70% of households and 94 % of businesses with 10 or more employees are already online.

While the threats to cybersecurity for the world’s businesses remain serious—and evolving—businesses are moving away from the “bunker mentality” that encouraged them to retreat behind so-called “hardened endpoints”. Web-based applications, mobile devices, and cloud infrastructures are changing the business and technology landscape simultaneously. A truly resilient enterprise dynamically innovates and changes its practices, policies, and processes, in response to changing threats from the outside and changing requirements from the inside. Educating its workforce about the nature and function of these changes is one of the key paths to greater resiliency.

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Myanmar

Digital Revolution and Repression in Myanmar and Thailand

Activists have also proactively published social media content in multiple languages using the hashtags #WhatsHappeningInMyanmar and #WhatsHappeningInThailand to boost coverage of events on the ground.

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By Karen Lee

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Following the February 1 coup, Myanmar’s netizens became the latest to join the #MilkTeaAlliance, an online collective of pro-democracy youth across Asia.

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Ecommerce

How will oil prices shape the Covid-19 recovery in emerging markets?

Oxford Business Group

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How will oil prices shape the Covid-19 recovery in emerging markets?
– After falling significantly in 2020, oil prices have returned to pre-pandemic levels
– The rise has been driven by OPEC+ production cuts and an improving economic climate
– Higher prices are likely to support a rebound in oil-producing emerging markets
– Further virus outbreaks or increased production would pose challenges to price stability

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A combination of continued production cuts and an increase in economic activity has prompted oil prices to return to pre-pandemic levels – a factor that will be crucial to the recovery of major oil-producing countries in the Middle East and Africa.

Brent crude prices rose above $60 a barrel in early February, the first time they had exceeded pre-Covid-19 values. They have since continued to rise, going above $66 a barrel on February 24.

The ongoing increase in oil prices, which have soared by 75% since November and around 26% since the beginning of the year, marks a dramatic change from last year.

Following the closure of many national borders and the implementation of travel-related restrictions to stop the spread of the virus, demand for oil slumped globally.

In the wake of the Saudi-Russia price war in early 2020, Brent crude prices fell from around $60 a barrel in February that year to two-decade lows of $20 a barrel in late April, as supply increased and demand plummeted. The value of WTI crude – the main benchmark for oil in the US – fell to record lows of around $40 a barrel last year on the back of a lack of storage space.

While global demand for oil remains low, one factor credited with reversing the trend is the decision to make significant cuts to oil production, which subsequently tightened global supplies.

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Tech

How the Rural-Urban Divide Plays Out on Digital Platforms

It is one thing for entrepreneurs, whether urban or rural, to create and operate an online store, as some digital platforms have made it relatively easy to manage an e-store – even by using just a smartphone.

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In the West, villages are emptying out due to the lack of economic opportunities. Consider Italy where, in a bid to attract newcomers, a handful of municipalities have turned to selling houses for €1.

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