World Economic Forum warns cyber risks add to climate threat

A file photo of attendees walking past an electronic display showing recent cyberattacks in China at the China Internet Security Conference in Beijing. Cyberattacks are becoming more aggressive and widespread, as criminals use tougher tactics to go after more vulnerable targets, the report said. — AP

LONDON: Cyberthreats and the growing space race are emerging risks to the global economy, adding to existing challenges posed by climate change and the coronavirus pandemic, the World Economic Forum said in a report on Jan 11.

The Global Risks Report is usually released ahead of the annual elite winter gathering of CEOs and world leaders in the Swiss ski resort of Davos, but the event has been postponed for a second year in a row because of Covid-19. The World Economic Forum still plans some virtual sessions next week.