Global cybersecurity regime needed (2024)

South Korea vows to address North Korea's cyberattacks as global issue

South Korea vowed to address and raise awareness of North Korea's cybercriminal activities in the United Nations Security Council (UNSC) to educate other U.N. member countries about the disruptive impacts on their economies, as well as international security.

This is the right move by the right player.

Cyberattacks and their harmful impacts are the issues that need to be addressed promptly and properly by countries like South Korea. South Korea is one of the countries hit by the most cyberattacks in the world and therefore knows better than others how destructive the consequences of cyberattacks can be and why cybersecurity is significant.

Hwang Joon-kook, South Korea's permanent representative to the United Nations, said that cyberattacks are a transnational issue that necessitates global debate. "Destruction of major infrastructure, private information theft and heists of virtual assets through cyberattacks are transborder problems and pose a serious security threat to all countries," he said during a press conference held in his New York office on Friday.

He unveiled South Korea's plan to initiate an awareness campaign to address cyberattacks on the UNSC's agenda, as the country is set to assume the rotating presidency of the UNSC next month. Each member state holds the UNSC presidency in turn for one month, in accordance with the alphabetical order of their names.

Technically speaking, there is not much South Korea can do about North Korea's cyberattacks with its one-month UNSC presidency. One month is too short to rally support from other U.N. member states to join efforts for drawing up concrete measures to fight illicit cyber activities.

Despite time constraints, however, South Korea's pledge to raise awareness of cyberattacks at the UNSC is meaningful because some countries, including North Korea, have weaponized cyberattacks to disrupt their enemies and major infrastructure. As seen in the war in Ukraine and several other conflicts that have occurred in other parts of the world in the past decades, cyberwarfare is a critical part of military operations.

In South Korea, cyberattacks have become part of everyday life even in peacetime. The worst part is that many entities, both in the public and private sectors, don't even know that they have been hacked even after their systems have been infiltrated. The culprit, most of the time, is North Korea. China and Russia are also responsible for malicious cyber operations in South Korea. Hackers affiliated with Russia's military launched cyberattacks during the opening ceremony of the 2018 PyeongChang Winter Olympics. Chinese hackers, meanwhile, created and ran dozens of fake news sites ahead of the April 10 National Assembly elections to spread disinformation.

On Friday, SBS reported that North Korean hackers launched a cyberattack on an unnamed polling agency in the South in February, weeks before the National Assembly elections. Using a stolen administrator's ID, they infiltrated the agency's system and tried in vain to steal sensitive information. The report came days after media reports about military brass' hacked emails. North Korea's cyberattacks are pervasive, going far beyond theft of sensitive information and disruptions to major facilities.

Since the 2010s, North Korea has prioritized cyberattacks to earn cash through heists of virtual assets. The North, which is under layered sanctions, uses the money to sponsor its nuclear and missile programs. Cyberattacks help North Korea keep developing and upgrading its weapons of mass destruction, threatening international security.

This financial incentive has motivated North Korean hackers to keep expanding their "business areas" into many other countries, helping the North earn an estimated $630 million in 2022.

Although North Korea's cyberattacks have become a global threat, the international community's responses to prevent its malicious cyber operations have been slow, if not non-existent. There is a role South Korea can play to motivate the inactive international community to start holding North Korea accountable for its malicious cyberspace activities.

During its one-month period holding the UNSC presidency, South Korea can share its experiences with other U.N. member states to educate them about the significant fallout of the North Korean cyberattacks the country has gone through and rally support from them to lay the groundwork for a global cybersecurity regime to better protect them from malicious cyber activities.

Global cybersecurity regime needed (2024)

FAQs

What is the global demand for cyber security? ›

The global cybersecurity market size is projected to grow from USD 190.4 billion in 2023 to USD 298.5 billion by 2028 at a CAGR of 9.4% during the forecast period.

What is the global standard for cyber security? ›

ISO/IEC 27001 is used worldwide as a yardstick to indicate effective information security management. It is the only generally recognized certification standard for information and cyber security. This standard is the latest version of the world's leading standard for the specification of information security controls.

What are the new cybersecurity regulations for 2024? ›

SEC Regulation S-K adds Item 106, requiring registrants to disclose their cybersecurity processes, effects and risks of security incidents, and risk oversight and management expertise capability. SEC Form 6-K adds requirements for foreign private issuers to disclose information on material cybersecurity incidents.

Is there a growing need for cyber security? ›

Cyber threats are on the rise globally. According to a report by Cybersecurity Ventures, cybercrime damages are predicted to cost the world $6 trillion annually by 2021, up from $3 trillion in 2015.

Will AI replace cyber security jobs? ›

Will AI replace cybersecurity jobs? While AI can automate specific tasks in cybersecurity, it is unlikely to replace the need for cybersecurity professionals completely. Instead, it will augment their capabilities and improve threat detection and response. How can AI be used in cybersecurity?

Where is cyber security needed the most? ›

Best Industries for Cyber Security Job Seekers
  • Financial Services.
  • Government.
  • Health Care.
  • Manufacturing.
  • Retail.

What is the trend in cybersecurity in 2025? ›

By embracing trends such as Zero Trust Architecture, AI and machine learning, and IoT security, organizations can enhance their cybersecurity posture and prepare for the evolving threat landscape.

What is next generation cyber security? ›

But the term next-gen now also refers to cybersecurity solutions that use real-time predictive methods like machine learning (ML), artificial intelligence (AI), and behavioral analysis to increase prevention, efficacy, and speed. In some cases, the term extends to automated threat detection and response capabilities.

Will cybersecurity be in demand in 2030? ›

The forecasts for the global cybersecurity market from 2023 to 2030 show a compound annual growth rate (CAGR) of 13.8%, underscoring the need for a trained workforce to fend off changing threats, says the report.

Is cybersecurity a dying industry? ›

The field of cybersecurity is rapidly evolving as a result of technological advancements and the constant evolution of cyber threats. As per Roots Analysis, the cybersecurity market is projected to increase from $215 billion in 2024 to $697 billion by 2035, experiencing a CAGR of 11.3% throughout the forecast period.

What is the next big thing in cyber security? ›

Machine Learning, Artificial Intelligence and Blockchain

These technologies can quickly detect anomalies and eliminate attacks, and cybersecurity specialists employ AI and ML to detect potential cyber attack risks within massive datasets containing sensitive information.

Where will cybersecurity be in 10 years? ›

The next decade will witness the great adoption of present day generation like artificial intelligence (AI), Internet of Things (IoT), and quantum computing. While those innovations promise brilliant advantages, moreover they carry approximately new cyber security training course risks.

How much demand is there for cyber security? ›

The Bureau of Labor Statistics now estimates that demand for cybersecurity specialists will grow by nearly a third within a decade, increasing by about 16,800 openings a year. The jobs often pay more than $120,000 a year.

Is there really a demand for Cyber security? ›

From 2022 to 2032, the US Bureau of Labor Statistics (BLS) projects that cybersecurity jobs will see job growth of 32 percent, which is much faster than the average of 3 percent for all jobs in the US [1].

What is the global market for cybersecurity? ›

Cyber Security Market Overview

The global cyber security market size is projected to grow from $ 215 billion in 2024 to $ 697 billion by 2035, representing a CAGR of 11.3%, during the forecast period, 2024-2035.

How big is the global cyber security market in 2024? ›

Market Scope
Report CoverageDetails
Market Size in 2023USD 238.13 Billion
Market Size in 2024USD 268.13 Billion
Market Size by 2034USD 878.48 Billion
Growth Rate from 2024 to 2034CAGR of 12.6%
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