Advancing Cybersecurity for Digital Transformation: Opportunities and Challenges

Advancing cybersecurity for digital transformation provides opportunities and challenges. Many enterprises are accelerating the digital transformation to reach their customers, suppliers, and other parties over the internet; at the same time cybersecurity has become a serious concern. Cyberattacks have exponentially increased globally. While digital transformation makes the business process more efficient and effective, and increased cyberattacks pose obstacles, threats, and risks on the way. Cyberattacks consist of different types such as political, financial, accessing private and confidential information, ransomware, identity theft, destruction to essential infrastructure and public utilities such as energy, water, telecommunication, transportation, health, and others. This chapter presents case analysis from recent cyberattacks to show the scale, size, and type of impacts within and outside the enterprise. Newer technologies to counter cyberattacks are introduced such as quantum computing, nanotechnologies, artificial intelligence, blockchain that have the capabilities to eliminate cyberattacks.