Full coverage: G20 Hangzhou Summit

With this year's G20 summit less than a week away, a group of research institutes from the Asia Pacific region have gathered in Beijing to discuss Internet trends in the world's largest economies. Delegates also held talks on cyber space cooperation projects and ways to safeguard information online.

Data loss, identity theft, compromised personal information, and system failures.
Some of them could be fatal.

According to a report by 360 Security Center, a Chinese security service provider, there were over 85.5 billion cyber attacks last year alone -- that's more than 2,000 attacks every second.

"The Internet is one of the most important factors for growth among G20 economies. The Internet can help create economic growth, but if it isn't reliable, that growth won't be sustainable," Lyu Benfu, deputy head of China Institue for Innovation & Dev't Strategy, said.

Experts believe G20 nations should work together to build an Internet that is secure and open while respecting each other's cyberspace. 

"There is a divergence when it comes to the integrity of cyberspace and the spirit of the Internet. Respecting the integrity of cyber space is an exclusive concept. While the essence of the Internet is connectivity. However, if we can view these things from a global perspective, and we respect that diversity, we will be able to find common interests," Hao Yeli, vice chairman of China Institue for Innovation & Dev't Strategy, said.

"In today's world, terrorism, security and cyber security are top issues… We need to establish a kind of global governance system to ensure cyber security," Wang Huiyao, founder & president of Center for China & Globalization, said.

"The root of cyber security problems is a lack of a unified regulatory system. And this year’s G20 summit provides a perfect platform for the world's major economies to reach some kind of consensus," Fang Xindong, founder of Blogchina.com, said.

Earlier this month, China successfully launched the world's first quantum satellite called "Micius". What's the project's mission? It's to develop a "hack-proof" communication system by relaying quantum data through outerspace. If China succeeds, the Micius project will mark a major step forward in making the world more secure.