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Chatham House Cyber 2018: Risks, Governance and Crisis Response

The last year has witnessed major hacks on high profile corporations that inflicted massive damage to business confidence and compromised the data of millions of consumers. Attacks such as WannaCry and Not-Petya demonstrated the capability of state-sponsored actors to cause major disruption and highlighted a range of international cyber security vulnerabilities.  

As businesses and citizens attempt to understand and protect themselves against these threats, the cyber landscape is experiencing a period of rapid change driven by growth in internet of things (IoT) technologies and the design and deployment of artificial intelligence (AI). Without consideration of the emerging security challenges these technological developments present, a range of potential new risks even more catastrophic than recent attacks could emerge. 

While governments attempt to keep up with the pace of change, cyber attacks continue to grow in scale and complexity, putting them under pressure to respond with protectionist policies and in some countries creep towards ever increasing ‘cyber sovereignty’. The risk of an increasingly fragmented cyberspace is now very real. 

In this context, Chatham House Cyber 2018 will take stock of the current situation and:

  • Explore the dynamics of state-sponsored cyber threats and assess the main reasons behind the targeting of specific businesses and sectors by cyber attackers
  • Evaluate where government cyber policy frameworks are keeping up and where they are not
  • Explore how the risks posed by the IoT and AI can be managed and how responsibilities for security can be shared
  • Assess how the regulatory landscape around data protection and privacy is changing the way businesses are operating
  • Consider strategic approaches to quantify and control cyber risks and improve cyber crisis management practices when things go wrong