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30 June, 2022 - 20:26 By Tony Quested

$6 trillion at risk as cyber wars enter dangerous new era, warns Darktrace boss

The CEO of Cambridge company Darktrace is calling for a new task force to police what she calls “the cyber underworld.”

Poppy Gustafsson will tell a global conference on July 13 that cyber wars have entered a dangerous new era and that companies of all sizes around the globe have a fight on their hands to keep ‘cyber thugs’ at bay.

She will tell the virtual CNBC Evolve Global Summit that by 2024, cyber criminals are projected to cost the global economy more than $6 trillion annually. 

Pulling no punches, she adds: “Perhaps nowhere is this trend more pronounced than in the corporate sector, with 45 per cent of organisations suffering from some form of cybersecurity breach. 

“From ransomware and phishing to cloud malware and supply chain attacks, hackers continue to punch countless holes into business firewalls.”
Darktrace deploys AI technology to detect and interrupt malicious activity for thousands of global conglomerates. 

Gustafsson will explain how to trap ‘web thugs.’ As we recently reported here she is calling for a ‘tech NATO’ task force to police the cyber underworld.

Other themes at the CNBC event will cover:-

  • •Agility of a start upwith the power of a multi-national
  • •Is the metaverse for real?
  • Battle for digital supremacy
  • From assembly lines to EV, automakers adapt for the next century
  • Evolving executive workplace, DEI and climate change.

For more details or to register, visit www.cnbcevents.com/cnbc-evolve-global-summit-2022/

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