The United Nations ranked Pakistan 9th globally for its flourishing digital economy. Arrival of 3G and 4G technologies has revolutionized connectivity in Pakistan and internet penetration has increased from 3% to 15%. Over the course of three years (2012 – 2015), 16 million Pakistanis went online for the first time, and the number is expected to reach 17 million by 2020. Undoubtedly, the development of cyberspace is creating more productive, innovative and efficient businesses and lives, but there are also serious cyber threats generated by this digitalization. Pakistan needs to be aptly prepared not only for the management of such an enormous and rapid transformation, but also to counter these threats.