Nearly 30 years of predominantly digital-based, technological advances have tremendously affected our world, primarily through the birth, adoption, and growth of the internet. But a set of risks accompanies this phenomenon, according to the latest World Economic Forum Global Risks Report.
The report is derived from data collected through the World Economic Forum's Global Risks Perception Survey, and it incorporates the knowledge and viewpoints of the forum’s vast network of business, government, civil society, and thought leaders. According to the report, the world is facing an increasing number of multifaceted and interrelated challenges, including slowing global growth, persistent economic inequality, climate change, geopolitical tensions, and the accelerating pace of the Fourth Industrial Revolution.
The report also raises significant concerns about the following technological risks or instabilities:
Interestingly, these technological risks rise in importance year-over-year compared to other, nontechnical risks. For example, massive data fraud and theft was ranked the fourth-highest global risk over a 10-year span, and cyberattacks were ranked number five. A similar theme can also be observed in many of the past reports. Because the internet-related and technology-related risks facing the world are only rising, the need to secure the internet overall has become more critical than at any other time.
Oracle Cloud Infrastructure was built from the ground up to provide security and availability not only in the cloud core but also at the cloud edge, where users and their devices connect to the cloud, often over the internet.
Oracle Cloud Infrastructure's Edge Services range from Internet Intelligence, which provides global internet performance and availability data, to DNS and web application security services. And Oracle Dyn Web Application Security integrates a web application firewall, bot management, and API security in the cloud to keep web applications safe from cyber-induced outages, data breaches, and other threats.
In the Oracle Cloud Infrastructure core, organizations will find compute, storage, connectivity, applications, and database instances that are exceedingly protected by the highest levels of data encryption, identity and access management, key management, API management, and configuration and compliance management.
As more organizations move to the cloud, securing both the cloud core and the cloud edge is critical to address the technological risks highlighted in the World Economic Forum Global Risks Report.