Cybersecurity Summer Report 2024

Issues Shaping the Industry

Cloud Security The amount of data stored in the cloud will reach 100 zettabytes by 2025, analysts predict. This reflects 50% of the world’s data, up from about 25% in 2015. Growing reliance on cloud services means robust security measures built for cloud environments are increasingly paramount. Rise of AI Over the next two years, generative AI is expected to have a significant impact on cybersecurity, with attackers likely to have an advantage over defenders. Building cyber resilience through preparation and recovery strategies is becoming increasingly important in the face of these threats.

Regulatory Complexity As cyberattacks become more sophisticated, governments are likely to implement stricter data privacy regulations. Navigating these complex regulatory frameworks remains a significant challenge for organizations, driving the need for compliance-focused cybersecurity strategies. IoT & IIoT Security The proliferation of IoT and Industrial IoT devices brings both greater connectivity and a growing need to address cybersecurity in these interconnected systems, especially amid rising geopolitical tensions.

Zero Trust Adoption Zero Trust is a cybersecurity framework that requires all users to be authenticated, authorized, and continuously validating security configurations while accessing data. Organizations increasingly use this approach to help mitigate risks and thwart unauthorized access attempts, ensuring a more secure environment for sensitive data. Board-Level Concern In the face of high-profile data leaks, cybersecurity is gaining more attention at the highest levels of organizations. Boards recognize it as a strategic priority and are actively investing to safeguard sensitive information.

Source: Cybercrime Magazine

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