Overcome by Cyber Risks?

Welcome by:
Frederick Kempe
President and CEO
Atlantic Council

Tucker Bailey
McKinsey & Company

Jason Healey
Senior Fellow, Cyber Statecraft Initiative, Brent Scowcroft Center on International Security
Atlantic Council;
Senior Research Scholar, School of International and Public Affairs
Columbia University

John Soughan
Head of Proposition Management and Development
Zurich North America

Ari Schwartz
Managing Director of Cybersecurity Services
Venable LLP 

Moderated by:
Tal Kopan
CNN Politics

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Please join the Atlantic Council’s Brent Scowcroft Center on International Security on October 15 from 9:00 to 10:30 a.m. for a discussion on the implications of our groundbreaking report Risk Nexus: Overcome by Cyber Risks? Economic Benefits and Costs of Alternate Cyber Futures, published in collaboration with Zurich Insurance Group and University of Denver’s Pardee Center for International Futures.

Newspaper headlines inundate us with stories about massive data breaches, disruptive cyberattacks, and espionage against government agencies and companies. With risks mounting, our new report uses economic modeling tools to understand how cyber costs and benefits might affect global GDP and envision a set of different cyber futures to unfold within the next fifteen years. The bad news: A future where the annual spending on cyber insecurities outweighs the benefits of being connected is not only possible, but has already occurred in the United States and other high-income economies. The good news: Although the costs are higher on an annual basis, the benefits accumulate over time as investments. Through the year 2030, the cumulative global benefits of being connected should still outpace the costs by nearly $160 trillion. The difference between the best and worst forecasts for the future of the Internet, and with it the fate of the global marketplace, is a startling $120 trillion, and will depend on how we manage today’s risks and harness the potential benefits. 

The event will gather prominent cybersecurity experts and business leaders to discuss what we can learn from the report’s findings and how we can develop new strategies and policy measures to steer us towards the most rewarding cyber futures.