Klaus Schwab warns of a new crisis with more significant economic and social implications than Covid 19.

Marica Micallef

World Economic Forum Founder Klaus Schwab opens Cyber Polygon 2021 with a warning: “A lack of cybersecurity has become a clear and immediate danger to our society worldwide.” Giving the welcoming remarks at Cyber Polygon for the second year in a row, Schwab spoke at length about the World Economic Forum’s (WEF) desire to tackle cybersecurity by bringing together a closer merger of corporations, small businesses, and governments. Last year, Schwab warned, “We all know, but still pay insufficient attention to, the frightening scenario of a comprehensive cyber attack, which would bring a complete halt to the power supply, transportation, hospital services, our society as a whole.”

He also called for the “immunization of the internet”, meaning, that it is checked and possibly censored.

He also warned against the possible frightening scenario of a “We all know, but still pay insufficient attention, to the frightening scenario of a comprehensive cyber attack could bring a complete halt to the power supply, transportation, hospital services, our society as a whole. The COVID-19 crisis would be seen in this respect as a small disturbance in comparison to a major cyberattack. To use the COVID19 crisis as a timely opportunity to reflect on the lessons the cybersecurity community can draw and improve our unpreparedness for a potential cyber-pandemic.