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Cybersecurity: A Crucial Element of Socio-economic Stability and Prosperity

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Cybersecurity has become a key safeguard to future socio-economic prosperity and stability as industries are transitioning towards data- and technology-driven business models and governments grapple with the implications of the Fourth Industrial Revolution. More than 80% believe that risk of cyberattacks will increase in the year ahead. With an estimated pricetag of $90 trillion worldwide, there is a rising imperative to safeguard individuals and businesses.

Under the theme Enabling Leadership for a Secure Digital Future, over 150 leaders and experts in the cybersecurity, policy, regulation and technology fields are meeting at the second annual World Economic Forum Annual Meeting on Cybersecurity in Geneva, Switzerland, to address three priorities: Strengthening global cooperation for digital trust and security, securing future digital networks and technology, and building skills and capabilities for the digital future.

Meeting participants include government representatives from G20 countries, civil society organizations and academia, and prominent cybersecurity leaders from companies representing a cross-section of industries in the private sector. Ten international organizations, 18 countries and over 20 specialized agencies are taking part.

“As the international organization for public-private cooperation, the World Economic Forum is leading a global effort to drive systemic change on the most pressing cybersecurity issues. We believe that this change will be most impactful if the private sector and the public sector work on solutions together,” said Alois Zwinggi, Head of the Centre for Cybersecurity.

Key sessions include preparing for future threats, how to secure smart cities, increasing security by replacing passwords and building cyber-resiliance. Leadership, governance and cooperation were key themes.

The Forum, as the International Organization for Public-Private Cooperation, is offering its Platform on Cybersecurity and Digital Trust to allow the participants to drive the cybersecurity agenda for the coming year, to share information on emerging cyber-threats, jointly assess the risks of emerging technologies and collaborate on urgent action to combat cybercrime.

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Quantum Technologies Can Help Tackle Climate, Hunger, Disease

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Quantum technologies offer huge potential for finding solutions to complex global challenges. But the focus on cybersecurity risks, which are solvable if decision-makers act now, is obscuring their application to the threats of climate, hunger and disease.

Moreover, demand for experts is outpacing available talent and companies are struggling to recruit people in this increasingly competitive and strategic industry. The World Economic Forum’s State of Quantum Computing report and Transitioning to a Quantum-Secure Economy white paper show how business and government leaders can take action.

The report and the white paper draw on insights from global experts and decision-makers among the Forum’s Quantum Economy Network. As investments in quantum technologies by businesses and governments worldwide totalled $35.5 billion by 2022, they show that while private investment is growing rapidly and shifting from venture capital to initial public offerings, companies and organizations are facing a serious shortage of talent.

The only people trained in quantum technologies are highly academic and businesses are struggling to upskill and find qualified individuals with experience in business or engineering. This skills gap means quantum computers, which are based on harnessing the properties of quantum states, will miss the promise of solving vastly complex problems exponentially faster than traditional machines.

Although the technology is nascent, the report and the white paper show how leaders can act now to secure their digital infrastructure from potential quantum computing attacks in the future. Three specific domains of research and industry, with significant economic, environmental and societal opportunities, are highlighted:

  • Atomic, sub-atomic and molecular simulation leading to possible breakthroughs in materials science and biology
  • Optimization and risk management in complex systems
  • Impacts on existing technology areas such as artificial intelligence, cybersecurity security and blockchain

Taken together, they show how businesses can assess quantum readiness and formulate a quantum strategy, build internal capabilities and align with top management and policy-makers on critical focus areas.

“Quantum computing is a fundamentally new way of computing and could dramatically recast our ability to tackle climate change, hunger and disease,” said Derek O’Halloran, Head of the Forum’s platform, Shaping the Future of Digital Economy and New Value Creation. “Its economic promise and potential to render common cryptographic technologies obsolete make it geopolitically strategic. But the knowledge gap and uncertainties that come with an emerging technology make it difficult for decision-makers to act. The report and the white paper aim to demystify quantum computing and give business executives and policy-makers worldwide informed opinion for fact-based decision-making.”

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New EU cybersecurity rules ensure more secure hardware and software products

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Commission has presented a proposal for a new Cyber Resilience Act to protect consumers and businesses from products with inadequate security features. A first ever EU-wide legislation of its kind, it introduces mandatory cybersecurity requirements for products with digital elements, throughout their whole lifecycle.

The Act, announced by President Ursula von der Leyen in September 2021 during her State of the European Union address, and building on the 2020 EU Cybersecurity Strategy and the 2020 EU Security Union Strategy, will ensure that digital products, such as wireless and wired products and software, are more secure for consumers across the EU: in addition to increasing the responsibility of manufacturers by obliging them to provide security support and software updates to address identified vulnerabilities, it will enable consumers to have sufficient information about the cybersecurity of the products they buy and use.

Margrethe Vestager, Executive Vice-President for a Europe Fit for the Digital Age, said: “We deserve to feel safe with the products we buy in the single market. Just as we can trust a toy or a fridge with a CE marking, the Cyber Resilience Act will ensure the connected objects and software we buy comply with strong cybersecurity safeguards. It will put the responsibility where it belongs, with those that place the products on the market.”

Margaritis Schinas, Vice-President for Promoting our European Way of Life, said: “The Cyber Resilience Act is our answer to modern security threats that are now omnipresent through our digital society. The EU has pioneered in creating a cybersecurity ecosystem through rules on critical infrastructure, cybersecurity preparedness and response, and the certification of cybersecurity products. Today, we are completing this ecosystem through an Act that brings security in everyone’s home, in all our businesses and in every product that is interconnected. Cybersecurity is a matter for society, no longer an industry affair.”

Thierry Breton, Commissioner for the Internal Market, said: “When it comes to cybersecurity, Europe is only as strong as its weakest link: be it a vulnerable Member State, or an unsafe product along the supply chain. Computers, phones, household appliances, virtual assistance devices, cars, toys… each and every one of these hundreds of million connected products is a potential entry point for a cyberattack. And yet, today most of the hardware and software products are not subject to any cyber security obligations. By introducing cybersecurity by design, the Cyber Resilience Act will help protect Europe’s economy and our collective security.

With ransomware attacks hitting an organisation every 11 seconds around the globe and the estimated global annual cost of cybercrime reaching €5.5 trillion in 2021 (Joint Research Centre report (2020): “Cybersecurity – Our Digital Anchor, a European perspective”), ensuring a high level of cybersecurity and reducing vulnerabilities in digital products – one of the main avenues for successful attacks – is more important than ever. With the growth in smart and connected products, a cybersecurity incident in one product can have an impact on the entire supply chain, possibly leading to severe disruption of economic and social activities across the internal market, undermining security or even becoming life-threatening.

The measures proposed today are based on the New Legislative Framework for EU product legislation and will lay down:

(a) rules for the placing on the market of products with digital elements to ensure their cybersecurity;

(b) essential requirements for the design, development and production of products with digital elements, and obligations for economic operators in relation to these products;

(c) essential requirements for the vulnerability handling processes put in place by manufacturers to ensure the cybersecurity of products with digital elements during the whole life cycle, and obligations for economic operators in relation to these processes. Manufacturers will also have to report actively exploited vulnerabilities and incidents;

(d) rules on market surveillance and enforcement.

The new rules will rebalance responsibility towards manufacturers, who must ensure conformity with security requirements of products with digital elements that are made available on the EU market. As a result, they will benefit consumers and citizens, as well as businesses using digital products, by enhancing the transparency of the security properties and promoting trust in products with digital elements, as well as by ensuring better protection of their fundamental rights, such as privacy and data protection.

While other jurisdictions around the world look into addressing these issues, the Cyber Resilience Act is likely to become an international point of reference, beyond the EU’s internal market. EU standards based on the Cyber Resilience Act will facilitate its implementation and will be an asset for the EU cybersecurity industry in global markets.

The proposed regulation will apply to all products that are connected either directly or indirectly to another device or network. There are some exceptions for products, for which cybersecurity requirements are already set out in existing EU rules, for example on medical devices, aviation or cars.

Next Steps

It is now for the European Parliament and the Council to examine the draft Cyber Resilience Act. Once adopted, economic operators and Member States will have two years to adapt to the new requirements. An exception to this rule is the reporting obligation on manufacturers for actively exploited vulnerabilities and incidents, which would apply already one year from the date of entry into force, since they require fewer organisational adjustments than the other new obligations. The Commission will regularly review the Cyber Resilience Act and report on its functioning.

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Is a career in graphic design more accessible in 2022?

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Graphic design is a career that is perfect for creative types that don’t want to live like starving artists. It is tailor-made for those that are artistic and have an eye for what makes things look good. This opens the door to get a job doing marketing materials in advertising firms, web design, and other jobs that require graphic images.

Getting a job as a graphic designer is a little more complicated in 2022 than it used to be but it isn’t difficult. If you are just learning and only know how to edit a transparent background but want to get a job as a graphic designer then it’s important to know what the road ahead looks like. In this article, we will go over several things to know about the graphic design job market.

Networking is crucial

In just about any industry it is beneficial to have a network for support throughout your career. However, in graphic design, it is absolutely essential. The problem with graphic design jobs is that many of the new jobs are hidden. They have not advertised anywhere since many hiring managers want somebody that is recommended.

This means that you are going to have to put the word out to your network of friends and associates to let them know that you’re in the job market. Many of them will let you know if there is a position open in their company.

Depending on job listings online or on the company’s website is not going to get you far. It is much better to get a recommendation.

Start out by freelancing

Experience is essential when it comes to getting jobs. The issue is that it is hard to get a job without experience and to get the experience you need a job. The way around this is to freelance so you have some projects under your belt to show a prospective employer. You’ll surely be underpaid in the beginning but as time goes on you will be able to make decent money and have a portfolio to show for it.

Once you have some experience then you can go job hunting and use your portfolio to show that you are capable of getting the work done. There are some designers that will work as freelancers to get experience but will often stick with that as a career instead of working for a company. It is possible to make more money as a freelancer and to have a lot more flexibility in the process.

Always be improving

Being a graphic designer is equal parts creativity and technical knowledge. Since technology is always changing, it is important to stay up on the latest tech. Being creative is like a muscle. You should always be training so you have the chops that employers are looking for.

Make sure to always be a perpetual learner so you can be at the peak of your creativity and technical knowledge.

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