The best place for the World Economic Forum to achieve its key theme this year of rebuilding trust is to start with cybersecurity, cyber defenses, and cyber-resilience.
Their latest global cybersecurity outlook 2024 insight report delivers insights into the growing gaps in cyber inequity, cyber insurance, the cyber-skills shortage, achieving cyber-resilience, and building a better cyber ecosystem.
Being prescriptive about how to close those gaps with zero trust would make the WEF's cybersecurity vision report complete.
Attackers will have the upper hand when it comes to gen AI. Approximately half believe gen AI will be the most influential technology in cybersecurity in the next two years.
Leaders are also concerned about how gen AI and LLMs are being used to create attack products and services, including ransomware-as-a-service and FraudGPT. Attackers are using ChatGPT to fine-tune social engineering attacks at scale and mining the data to launch whale phishing attacks.
Closing the trust deficit needs to start with zero trust.
Not paying attention to zero trust and cybersecurity is the single greatest threat to how trusted any business will be over the long term.
Dozens of companies never report ransomware attacks, especially in manufacturing, because they want to retain the trust of their suppliers, investors, and customers.
Ransomware attacks soared last year, as did new social engineering attacks that took advantage of the inherent trust help desks had in hackers who called up and impersonated their colleagues to get login credentials.
Nation-state attackers are fine-tuning their tradecraft to launch lucrative ransomware attacks aimed at stealing billions in bitcoin to finance their missile programs and create vast underground networks to launder cryptocurrency.
Going all-in on zero trust starts with the assumption that networks and infrastructure have already been breached and the intrusion needs to be contained.
Assuming a wide variety of breach attempts and ransomware attacks are inevitable is one of the cornerstones of zero trust.
By assuming all devices, endpoints, identities, systems, and users are untrusted by default and require authentication and continuous validation, trust in each user, session, and resource request is achieved.
Taking Accenture's and WEF's insightful research a step further to help close the gaps that drain trust out of organizations, industries, and customer relationships, VentureBeat has completed an analysis of the survey data using zero trust principles.
A core element of the zero trust standard, WEF reports the growing importance of cyber resilience.
VentureBeat has learned that CIOs and CISOs are driving identity-based security awareness while considering how passwordless technologies can alleviate the need for long-term MFA. Leading passwordless authentication providers include Ivanti's Zero Sign-On, Microsoft Azure Active Directory, OneLogin Workforce Identity, Thales SafeNet Trusted Access, and Windows Hello for Business.
Cybersecurity budgets face new scrutiny in 2024 that's having reverberating effects across the industry.
Zero trust has been effective in accomplishing both of those goals.
Pursuing zero trust and making sure each endpoint, device, network, and identity can be trusted are table stakes for accelerating a business' growth.
Trust is the catalyst of growth, and getting it right is key to any business growing in 2024.
This Cyber News was published on venturebeat.com. Publication date: Tue, 16 Jan 2024 20:13:05 +0000