DigitalCIO
No Result
View All Result
  • Home
  • Tech News
  • Market Insights
  • CIO Interviews
  • Events and Conferences
  • Opinion and Analysis
  • Resources
DigitalCIO
  • Home
  • Tech News
  • Market Insights
  • CIO Interviews
  • Events and Conferences
  • Opinion and Analysis
  • Resources
No Result
View All Result
Digitalcio
No Result
View All Result
Home Tech News

Digital Fraud Overtakes Ransomware as CEOs’ Biggest Concern

DigitalCIO Bureau by DigitalCIO Bureau
January 19, 2026
in Tech News
0
Retail Industry — Next Big Target for Hackers?
75
SHARES
1.3k
VIEWS
Share on FacebookShare on Twitter

Artificial intelligence, geopolitical fragmentation and a surge in cyber-enabled fraud are redefining the global cyber risk landscape at unprecedented speed, according to the World Economic Forum’s Global Cybersecurity Outlook 2026.

The World Economic Forum (WEF) report, developed in collaboration with Accenture, highlights that cyber-enabled fraud has become a pervasive threat. This shift underscores the growing societal and economic impact of fraud as it spreads across regions and sectors. The report also showcases how AI is supercharging both offensive and defensive capabilities. Geopolitical fragmentation further compounds these risks, reshaping cybersecurity strategies and widening preparedness gaps across regions.

This year marks the fifth edition of the Global Cybersecurity Outlook series, which has traced a steady evolution from pandemic-driven digitalization to today’s increasingly complex cybersecurity landscape. The new findings point to a cyber landscape undergoing profound structural shifts, where cyber resilience can no longer be approached as a technical function alone but as a strategic requirement that underpins economic stability, national resilience and public trust.

“As cyber risks become more interconnected and consequential, cyber-enabled fraud has emerged as one of the most disruptive forces in the digital economy, undermining trust, distorting markets and directly affecting people’s lives,” said Jeremy Jurgens, Managing Director, World Economic Forum. “The challenge for leaders is no longer just understanding the threat but acting collectively to stay ahead of it. Building meaningful cyber resilience will require coordinated action across governments, businesses and technology providers to protect trust and stability in an increasingly AI-driven world.”

The gap between highly resilient organizations and those falling behind remains stark, with skills shortages and resource constraints amplifying systemic risk. Meanwhile, global supply chains have become more interconnected and opaque, turning third-party dependencies into systemic vulnerabilities. These dynamics are converging at a moment when inequalities in cyber capabilities are widening, leaving smaller organizations and emerging economies disproportionately exposed.

“The weaponization of AI, persistent geopolitical friction and systemic supply chain risks are upending traditional cyber defences. For C-suite leaders, the imperative is clear; they must pivot from traditional cyber protection to cyber defence powered by advanced and agentic AI to be resilient against AI-driven threat actors,” said Paolo Dal Cin, global lead, Accenture Cybersecurity. “True business resilience is built by fusing cyber strategy, operational continuity and foundational trust—enabling organizations to swiftly adapt to the dynamic threat landscape.

The report identifies key factors that shape the evolving cyber landscape of 2026. These include:

  • AI is accelerating cybersecurity risks at unprecedented speed. AI-related vulnerabilities rose faster than any other category in 2025, with 87% of respondents reporting an increase. Data leaks linked to generative AI (34%) and advancing adversarial capabilities (29%) are among the leading concerns for 2026. Meanwhile, 94% of leaders expect AI to be the most consequential force shaping cybersecurity in 2026. Organizations are responding, nearly doubling the share assessing AI security, from 37% to 64%.
  • Geopolitics is redefining the global cybersecurity threat landscape, with 64% of organizations now factoring geopolitically motivated attacks into their risk strategies and 91% of the largest enterprises adjusting their cybersecurity posture accordingly. 31% of respondents expressed low confidence in their country’s ability to manage major cyber incidents. Confidence levels vary widely, from 84% in the Middle East and North Africa to 13% in Latin America and the Caribbean.
  • Cyber-enabled fraud has become a pervasive global threat. A striking 73% of respondents were or knew someone directly affected in 2025 and CEOs now rank fraud and phishing ahead of ransomware as their top concerns.
  • Supply chains remain a major systemic vulnerability. Among large companies, 65% cite third-party and supply chain risks as their greatest cyber resilience barrier, up from 54% last year. Concentration risk is also intensifying, with incidents at major cloud and internet service providers demonstrating how infrastructure-level failures can trigger widespread downstream impacts across interconnected digital ecosystems.
  • Cyber inequity is widening across regions and sectors. Smaller organizations are twice as likely to report insufficient resilience compared to large firms. Regionally, the shortage of cybersecurity talent is most pronounced in Latin America and the Caribbean, with 65% of organizations reporting insufficient skills to achieve their security objectives, while 63% of organizations in sub-Saharan Africa face similar constraints.

“Developments in AI are reshaping multiple domains, including cybersecurity. When deployed responsibly, these technologies can strengthen cyber defences by supporting faster detection and response. But if misused or poorly governed, they can also introduce serious risks, from data leaks to cyberattacks,” said Josephine Teo, Minister for Digital Development and Information and Minister-in-Charge of Cybersecurity & Smart Nation Group, Singapore. “Governments therefore need a forward-looking and collaborative approach to ensure AI enhances cyber resilience while minimizing risks that increasingly transcend borders.” The report calls on leaders across sectors to move beyond isolated efforts and commit to raising the collective baseline by sharing intelligence, aligning standards and investing in the capabilities needed to ensure all organizations can benefit from a more secure and resilient digital environment. The survey draws on insights from 804 global business leaders in 92 countries, including 105 CEOs, 316 chief information security officers and 123 other C-suite executives, including chief technology officers and chief risk officers.  

Tags: AccentureWEFWorld Economic Forum
Share30Tweet19
DigitalCIO Bureau

DigitalCIO Bureau

Recommended For You

TCS BaNCS for Treasury marks its entry into Sri Lanka with Indian Bank

by DigitalCIO Bureau
October 22, 2026
0
TCS BaNCS for Treasury marks its entry into Sri Lanka with Indian Bank

The integrated treasury platform will help Indian Bank’s Colombo branch strengthen real-time risk visibility, improve straight-through processing, and build a scalable foundation for future growth Tata Consultancy Services has...

Read moreDetails

HCLTech launches NVIDIA-powered HCLTech Verification and Validation for Auto to transform software-defined vehicle validation

by DigitalCIO Bureau
October 22, 2026
0
HCLTech launches NVIDIA-powered HCLTech Verification and Validation for Auto to transform software-defined vehicle validation

HCLTech announced the launch of its AI-powered Verification and Validation (V&V) offering, powered by NVIDIA’s simulation stack, agentic capabilities and open model strategy. Designed for automotive vehicle manufacturers...

Read moreDetails

IBM Study: Eight in Ten EMEA Enterprises Escalate AI Incidents to Board or C-Suite as AI Agents Test Governance

by DigitalCIO Bureau
October 16, 2026
0
IBM Study: Eight in Ten EMEA Enterprises Escalate AI Incidents to Board or C-Suite as AI Agents Test Governance

New research by IBM finds that AI-related incidents are reaching boardrooms across Europe and the Middle East among the organizations surveyed, but governance capabilities and risk accountability are...

Read moreDetails

Accenture Launches Forward Deployed Engineering Program with Workday to Reinvent Work for the Agentic AI Era

by DigitalCIO Bureau
October 16, 2026
0
Accenture Launches Forward Deployed Engineering Program with Workday to Reinvent Work for the Agentic AI Era

New joint program combines Accenture’s transformation and engineering capabilities with Workday’s trusted agentic platform to help global organizations put AI agents to work in HR and finance and...

Read moreDetails

Marvell, Microsoft and Oracle Establish OCP Working Group to Standardize Data Center Hardware Security

by DigitalCIO Bureau
October 15, 2026
0
Marvell, Microsoft and Oracle Establish OCP Working Group to Standardize Data Center Hardware Security

Marvell Technology, Microsoft and Oracle announced a collaborative effort aligned with the Open Compute Project (OCP) aimed at standardizing a NIST FIPS 140-3 Level 3 integrated HSM for...

Read moreDetails
Next Post
Rubrik Acquires Cloud Security Startup Laminar

Rubrik Launches Security Cloud Sovereign

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Gartner: Adoption of GenAI To Collapse Cybersecurity Skills Gap

Only 14% Balance Data Security And Business Objectives: Gartner

February 12, 2025
NTT DATA Unveils India GCC Innovation Transformation Report 2025

NTT DATA Unveils India GCC Innovation Transformation Report 2025

February 4, 2026

Spirent SimHIL brings Realistic GNSS Simulation to Automotive HIL Testing

April 9, 2020

Browse by Category

  • Acquisition
  • Appointment
  • Archive
  • Artificial Intelligence
  • CIO Interviews
  • Cloud
  • Datacenter
  • Events and Conferences
  • Market Insights
  • News
  • Opinion and Analysis
  • Products
  • Resources
  • Security
  • Storage
  • Tech News
  • Telecom
Digitalcio

Welcome to DigitalCIO, your ultimate source for staying ahead in the ever-evolving world of technology and business.

BROWSE BY TAG

Accenture Acquisition AI Appointment artificial intelligence Artificial Intelligence and Machine Learning AWS Big Data and Analytics Blockchain CISCO Cloud Computing Cloudflare Collaboration CrowdStrike Cybersecurity Digital Transformation E-books Enterprises Fortinet Gartner Generative AI Google Cloud HCLTech IBM India Infographics Infosys Internet of Things (IoT) Kaspersky leadership Microsoft NTT DATA NVIDIA Palo Alto Networks Panel Discussion Partnership ServiceNow Sophos Strategic Partnership Tata Consultancy Services TCS Tenable Webinars Whitepaper Zscaler

CATEGORIES

  • Tech News
  • Market Insights
  • CIO Interviews
  • Events and Conferences
  • Opinion and Analysis
  • Resources
  • Archive

NAVIGATION

  • Home
  • About Us
  • Advertise with Us
  • Contact Us

© 2024 digitalcio.in - All rights reserved.

No Result
View All Result
  • Home
  • Tech News
  • Market Insights
  • CIO Interviews
  • Events and Conferences
  • Opinion and Analysis
  • Resources

© 2024 digitalcio.in - All rights reserved.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?