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  • Pavala Malar Nadan A/L Mariappan .

    Member
    December 23, 2021 at 10:36 am

    In my opinion, it is vital to maintain a balance between digital and traditional type of businesses, at least for several years to come. Government need to assist in ensuring traditional non-digital platform type business to stay afloat if they are lacking of consumer support.

    One of the reason is, while more businesses switching to digital platform, these businesses are opening more opportunity for cyber attackers. When everything are connected to everything else, it is not surprising if there will be some sort of “ransomware pandemic” affecting globally in near future.

    During this global “ransomware pandemic” phase, most digital platform businesses might need to shutdown their operation and consumers who are heavily depending on these digital business will encounter difficulties. This will be further exaggerated if there is no non-digital platform business to backup during this period.

    A wide range of organizations and government entities were impacted, including those in financial services and travel, according to cybersecurity firm Sophos. According to studies, the United Kingdom, South Africa, Canada, Argentina, Mexico, Indonesia, New Zealand, and Kenya were among the countries affected. (Bajak, 2021)

    Reference:

    Bajak, F. (2021, July 6). Fallout continues from biggest global ransomware attack. AP NEWS. https://apnews.com/article/joe-biden-europe-government-and-politics-technology-business-88c51d8041b1afdd42fa9f571c3de446