Surprise. Japan's lag in digitization in favor of Peace of Mind?

Explore reasons behind Japan's lag in digital transformation and its resulting cybersecurity vulnerabilities. Factors such as a preference for traditional methods, an aging population, red tape, a largely SME industry with limited investment together with lack of talent in IT contribute to this lag? Consequently, Japan faces increasing cyberattacks targeting critical infrastructure and industries, posing risks to national security and intellectual property. The video highlights slow adoption of digital processes in both government and private sectors made up of largely SMEs, contrasting it with the rapid digitization in other advanced economies. Efforts are underway, including government initiatives and legal changes, to strengthen Japan's cybersecurity defenses and promote digital transformation, but significant challenges remain with SMEs. The persistence of outdated technologies and a cautious approach to change are presented as key hurdles in Japan's journey towards digitization and enhanced security.