Cybercrime is putting us on the cusp of a digital pandemic. Here’s the way forward.

Are you ready for the next global crisis? Christopher Krebs, the former director of the Cybersecurity and Infrastructure Security Agency, said last month that we are already “on the cusp of a global digital pandemic.” He was talking about the explosion of cybercrime. FBI Director Christopher A. Wray concurs, explaining that the dramatic rise of this new form of crime has shaken the U.S. security apparatus much like the 9/11 attacks did in 2001.

In fact, the escalation of cybercrime is a far more pervasive problem than terrorism. As we connect more and more things to the Internet, all of us become more and more vulnerable to hackers, who can compromise any person or business though the Web and steal their data or freeze them out until they pay a ransom. The pandemic accelerated the transition to a digital economy — and thus accelerated cybercrime. By one estimate, ransomware attacks tripled in the past year.

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