In the rapidly spinning roulette wheel that is 2020, it's encouraging to see glimmers of hope wherever you can find them.
One of those glimmers is cybersecurity—or specifically, the increasing role cybersecurity is starting to play for companies.
Organizations are willing to pay a pretty penny for solid security.
But what is the best way to bring technology and startups to market with cybersecurity built in?
New data shows that 93% of executives are willing to pay almost 25% more for more secure devices and technology.
And a new report from the World Economic Forum aims to guide this desire with a framework for incentivizing cybersecurity in tech innovation.
"Entrepreneurs have a twofold responsibility: to ensure that their companies and products are digitally secure and that they have a recovery plan ready to activate should hackers succeed.
Today there is a serious imbalance between the time to market and the time to security. Market forces pressure for shiny new products and tech gadgets or applications, they care little about the security embedded in a new technology."
This report hopes to change that problem.
First, the World Economic Forum report offers entrepreneurs four critical truths about cybersecurity:
Next, the report suggests ways you can build security into products ad startups before they enter the market:
Using this triad is critical, according to the report. And it also underscores the broad, lasting impact that one piece of innovative technology can hold:
"Incorporating cybersecurity in technology from the very start of its development is no longer an option; it underpins the survival and stability of our economic systems, the transparency, sustainability and trust in our communication tools. It is a matter of national and international security."
We interviewed the Director of Research from the U.S. Cyberspace Solarium Commission about the new cybersecurity lessons the U.S. and organizations can take away from the COVID-19 pandemic: