The threat landscape to which a country is exposed is one of the essential factors when considering new investments in a state in 2023, as business leaders are more aware than ever of cyber threats. A recent report released at Davos, Switzerland, revealed that 93% of cybersecurity executives and 86% of their business counterparts view the risk of a catastrophic cyber event occurring within the next two years as either ‘high’ or ‘moderately high’.

However, organizations still face significant challenges when effectively addressing cyber issues. Companies need to improve the frequency and quality of IT security training, cyber incident response plans, and cybersecurity governance.

The work-from-home or hybrid work environment, the war in Ukraine, and the economic context characterized by high inflation, coupled with the new developments in AI and machine learning sector also create new opportunities for cybercriminals. Attacks are evolving from shutting down laptops or stealing data to hacking internet-connected industrial control systems. These compromised devices can either be used as initial attack vectors from which cybercriminals can pivot within a country’s critical infrastructure or be tampered with to disrupt critical infrastructure operations.

In this context, the Chamber of Commerce Switzerland-Romania, IT training centre Swiss Webacademy and Microsoft will organize, on February 9th 2023, the event ’Cybertech or Science Fiction: What investors need to know about cybersecurity trends and vulnerabilities in 2023’, to emphasize the expected impact of new technologies and new vulnerabilities on the business sector.