In this article, I'll condense our collaboration's insights into three key trends for 2024, backed up by data and research from all areas of cybersecurity practice.
These emerging patterns pertain to organizations of all shapes and sizes - but, make no mistake, the greatest effects will be felt by SMEs where lean security teams with shoestring budgets are the norm.
I highly encourage business leaders to leverage resources like the 2024 Cybersecurity Planning Checklist for a holistic understanding of the security technologies, services and initiatives needed to manage risk in the year ahead. I also hope you'll join a special webinar as we connect our findings to actionable advice you can implement to protect your organization's most critical operations and valuable assets.
Executives will be challenged to boost security awareness, expertise and capability - without adding costly headcount.
The potential to bolster or bypass cybersecurity measures with artificial intelligence is far from breaking news.
Gartner forecasts cybersecurity spending to increase by 14% in 2024 as the volume of inbound threats increases exponentially.
Further underscoring this disparity, PwC estimates that one in five organizations will shrink or freeze their security budget for 2024.
Lean security teams must guard against the same threats facing large enterprises - but with a fraction of the personnel, budget or bandwidth.
According to another Gartner survey, 50% of C-suite leaders will have performance requirements related to cybersecurity risk embedded in their contracts by 2026.
5 of the 2024 SME security plan checklist identifies the key components of a holistic security training program.
As the financial stakes of cybersecurity soar in 2024, executives can take the initiative to mitigate organizational risk.
Providers typically require organizations to demonstrate certain cybersecurity capabilities to qualify for optimal coverage.
These requirements help ensure that the organization has a baseline level of security to reduce the likelihood and impact of cyber incidents.
Pg. 8 of the 2024 Cybersecurity Planning Checklist identifies the most important capabilities to proactively detect and destroy stealthy threats.
This volatility creates fertile ground for ideologically motivated cyberattacks, introducing new considerations for security leaders.
Traditionally, cybersecurity adversaries could be oversimplified into two categories.
As a result, executives across industries must recognize security as an organizational enabler, not a narrow niche for technical specialists, and build it into the fabric of their operations.
For SMEs, newer all-in-one cybersecurity platforms offer an affordable and realistic approach for gaining enterprise-grade defenses without the exorbitant costs and complexities of building and operating an integrated multi-vendor tech stack.
For a growth-focused SME, lapses in cybersecurity can be catastrophic.
By understanding new opportunities to holistically manage risk in collaboration with technology teams, business leaders can prepare to boost organizational resilience in 2024.
This Cyber News was published on cybersecuritynews.com. Publication date: Wed, 20 Dec 2023 13:10:30 +0000