The document discusses emerging threats and opportunities in cybersecurity. It notes that nation-state threats are growing, with China, Russia, the US and UK posing the largest threats. The document references a Mandiant report finding extensive hacking by a Chinese military unit. It questions if organizations can defend against thousands of trained hackers. The document also discusses how the internet has impacted social norms and the battle for truth online. It suggests security, business intelligence, cloud computing, big data, social media, privacy and mobility as emerging opportunities.