The digital economy now accounts for over 10% of U.S. gross domestic product (GDP) and has grown at an annual rate of 7.1% between 2017 and 2022, which is over three times as large as the rest of the economy, according to the Bureau of Economic Analysis. While the benefits of the expanding digital economy have often been clear, the risks are sometimes hidden and hard to quantify, particularly those that arise from cybersecurity vulnerabilities and hacks.
Authors
- Acknowledgements and disclosures
- Shackelford is executive director of Indiana University's Center for Applied Cybersecurity Research, which receives support from the Indiana Office of Technology to conduct cybersecurity assessments of local governments. The Indiana Office of Technology also helps to administer the Indiana Executive Council on Cybersecurity, which was a partner in the survey described here.The authors did not receive financial support from any firm or person for this article or, other than the aforementioned, from any firm or person with a financial or political interest in this article. The authors are not currently an officer, director, or board member of any organization with a financial or political interest in this article.
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- United States of America
