Digital economy is strengthening in prominence and relevance in the era of increasingly connected world in the cyberspace. The boom in digital economy, however, is coupled with cyber threats and cyber risks for nations in the form of malware, escalating organized cybercrime, personal information and data breach, and Advanced Persistent Threat (APT). As such, nations need to prepare for the cyber threats from new frontiers namely Internet of Things (IOT), mobile and cloud technologies. National cybersecurity strategy (NCSS) is an essential element as cybersecurity is needed to protect and enable digital economy. This article seeks to gain insights on the relationship between the development of the NCSS and the success of digital economy of the nation based on literature from journal articles, global reports, current industry happenings and market trends. NCSS of nine nations were analyzed centered on digital economy success. Interestingly, it was found that the readiness of nation to reap digital economy is not correlated to the development and publication of the nations NCSS. In order for digital economy to thrive, the digital confidence of the stakeholders should be high. Nations with high digital confidence depend less on the national level NCSS to strengthen the trust and confidence in digital space. Nevertheless, the NCSS is still a need as a foundation for long term strategy to cement the cybersecurity of the nation, as cyber threats and risks keep evolving and will remain a challenge. A country like Singapore is intensifying its efforts and commitment in national cybersecurity. The existing top ten nations in digital economy has NCSS providing the necessary foundation for digital economy to flourish further. Though a NCSS is not a requirement for nation to begin digital economy, NCSS is a requirement for a nation to continuously develop and to be successful in digital economy.
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