In addition to institution-specific risks, we should better explore how these risks are interconnected in the financial system. This is something that we are currently also working on at DNB to develop a macroprudential perspective on cyber risks. At this conference, there is interesting research on which transmission channels can amplify or dampen shocks.
During the past century, economic growth created resources far in excess of those required to maintain subsistence. That surplus in democratic capitalist societies has, in large measure, been employed to improve the quality of life along many dimensions.