Published on October 01, 2015
Also available in: French
This OECD Recommendation and its Companion Document provide guidance for all stakeholders on the economic and social prosperity dimensions of digital security risk. In an economic context in which the digital environment has become essential to growth and prosperity, well-being and inclusiveness, digital security risk should be considered with respect to the broader economic and social perspective, and its management integrated in stakeholders’ decision making processes.
1/10/2015- CEOs and governments should treat digital security as an economic risk, says OECD
Digital security risk should be treated like an economic rather than a technical issue, and should be part of an organisation’s overall risk management and decision-making, according to a new OECD Recommendation to member countries. Read the press release
Over three decades, the OECD has played an important role in promoting policies and instruments for innovation and trust in the digital economy. The adoption of this Recommendation by the OECD Council on 17 September 2015 is the successful result of a multi-stakeholder process initiated in 2012 by the OECD Working Party on Security and Privacy in the Digital Economy (SPDE) to review the 2002 Recommendation of the Council concerning Guidelines for the Security of Information Systems and Networks: Towards a Culture of Security. (Security Guidelines)