Globalization 4.

0:

The three-phase of the earlier period as

The first period is till 1914 whereas the cross country border and immigration are allowed but
very few economic agreements are signed.

The second phase is up to 1990 where multinational companies expand their business across
the world by the means of trade, financial and development agreements.

The third phase is the evolution of world trade organization with the advent of internet
communications.

According to Klaus, Founder, and chairman of the world economic forum, global approach,
and systematic perspective is needed for today's scenario.

Managing that change will not require a framework, it requires to innovate model of teaching
and skill upgrading. Robotics and Artificial intelligence in the context of current needs. We
need a new approach to a new world economy.

This is not a matter of free trade or protectionism, employment, immigration or protecting

citizens, growth or equality. Those are all false dichotomies, which we can avoid by
developing policies that favor, allowing all sets of interests to pursue in parallel ways.

The need for the hour is an analogous but more inclusive and sustained process and dialogue
about the meaning of the Fourth Industrial Revolution and the big ecological, geopolitical and
social changes of our time for the modernization of international cooperation and domestic
governance.

By ensuring that different modifications are needed. They are

 General design parameter: International cooperative architecture and domestic

governance
 Specific Architectural innovations

The point rather is to move everybody to think more truly about how they and their
associations may best add to forming the empowering engineering upgrades required right
now. This incorporates business pioneers, who have a functioning task to carry out in
recapturing a positive account for the following period of globalization, demonstrating its
advantages and decreasing its apparent negative outcomes.

As the International Organization for Public-Private Participation, the Forum intends to

utilize its foundation to progress such reasoning and aggregate activity through a multi-
stakeholder exchange. This base up or inductive methodology including national
administrative just as non-state and subnational on-screen characters can help quicken the
pace of administration advancements required in the 21st century just as upgrade the
authenticity and level of open trust in it.

Business can do to mitigate the cyber attack risk:

In recent days, a cyber attack is a major threat that the organization is facing apart from
external threats like social, political and cultural. There are some of the ways that businesses
can do to mitigate the risk.

 The main important thing is to protect the hardware in which all passwords are stored
and backed up by a two-way authentication system. Once it is neglected it allows
anyone to access the firm's valuable information.
 Data Encryption:
It gives adequate security that, even if the data get stolen it's hard to
decode the data. The process should carryout in an advanced way otherways hackers
will easily decode the data.
 Invest in cybersecurity insurance:
Current scenario, invest in cybersecurity insurance is the best thing as the
technology progress, hackers have advanced to break into cyber defenses. Because of
that the insurance will not only cover financial losses and include recovery cost
including the purchase of hardware and software.
 Employee Education:
Employee is the frontline attack in which giving awareness and training
them is mandatory for security threats. Every employee should know that limitation of
usage of email for both personal and business, how to handle the information at
workplace and home, procedure to escalate or handle the problem if the cybersecurity
threat happened.so the organization has to train the employee on regular basics and
send the newsletter/articles related to cybersecurity by mail.
 Limiting information to an employee:
The organization has to make sure that valuable information is not
accessible to every employee in the organization. Incase of employee transfer or in
client location its create a threat situation. It reduces the chance of human error to leak
the company valuable information.
 Using efficient antimalware software and provide a firewall to all the hardware and
software components. Create a separate small team to look after that and handles the
operating system and software on a regular period.