The world is more connected now than ever, with half the world’s population currently online. However, these online connections create risk, including large-scale data theft, privacy violations, phishing scams, ransomware, and malicious information operations that affect millions of people in the United States and around the world each year. In total, cybercrime will cost up to $6 trillion by 2021 – equivalent to nearly half of today’s US GDP. In addition, these threats erode trust in the online environment, disrupt global commerce, and cause physical damage to critical infrastructure, ultimately putting lives at risk.
To address this reality, cybersecurity practices and tools must defend the integrity, privacy, and utility of the Internet ecosystem. BSA | The Software Alliance has released an agenda, “Security in the Connected Age,” to define elements that US cybersecurity policy should address. These include promoting a secure software ecosystem, creating a stronger government approach to cybersecurity, pursuing consensus for cybersecurity action, developing a 21stcentury cybersecurity workforce, and advancing cybersecurity through digital transformation.