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Government CIO Outlook | Thursday, January 23, 2020
Along with welcoming the new decade, advanced technologies are outing the existing systems into a test. They are also redefining its meaning for the citizens of the U.S. and the world.
FREMONT, CA: The last decade brought a flourishing transformative wave of improved tech abilities to the centralized government that allows applications to change the government and provides services to its general public. The latest technological skills have additionally built various unique challenges that have assessed the capability of the government to settle with a faster, and more digitally determined surrounding for global communication, as well as commerce.
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Here are a few ways that technology and its abilities will contour the government in the years to come:
Fraud, the Weapon:
Now that the government is increasingly getting involved in the digital world to help with security, it is nothing new that organizations will get encounter bad actors taking unfair advantage of the security gaps. Frauds might be used as a tool by state and non-state actors to undermine financial systems and governments. With the help of it, the immoral groups will get a chance to establish valuable business resources to heighten the complexity and intensity of their actions.
Protection from Cyber Threats:
The government must take significant actions to put an end to preying on citizens by the hackers, businesses, and governments as well, after the drastic rise in cybercrime. Cybersecurity threats need to be addressed proactively to make sure that attacks like ransomware and more, do not grow common across the public sector. Different departments also need to re-examine their strategies for how they can observe and defend their systems and data from foreign intrusion, as well as financial fraud in the digital world.
Implementation of Cryptocurrency:
Cryptocurrencies were first introduced in the 2010s to the global market, which till today, has dodged any significant regulation beyond the self-reported wages. It represents that most of the governments around the world are uninformed about the cumulative value and income earned from the products and services of their countries. It is because the people and organizations are trading with the use of cryptocurrency, under the radars.
Soon, people might witness the government investigate embedding taxation structures in transactions to determine and protect revenue from digital spending. By applying the new cryptocurrency laws, governments can also be able to monitor the life cycle of every dollar, staring from its inception to the day it is spent, additionally bringing visibility into cybercrime.
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