'Catastrophic event': A global pandemic-level threat has just emerged

A global Microsoft outage has caused disruptions in various sectors, leading to unexpected computer shutdowns and flight cancellations. Cybersecurity experts warn of a critical skills gap and predict a catastrophic cyber event within the next two years. The need to address the shortage of cybersecurity talent is highlighted, especially in key sectors like energy utilities. Geopolitical instability is reshaping the legal, regulatory, and technological environment, emphasizing the importance of cooperation among stakeholders. The World Economic Forum identifies cybersecurity failure as a top global threat, urging for security, resilience, and trust in the digital infrastructure.