2024: Connecting the Cyber Gap – Security Think Tank’s Mission

TLDR:

– Ransomware, data breaches, and fraud are on the rise, making cyber insecurity a top risk in the coming years.

– The cyber threat landscape is evolving with the increasing adoption of cloud, AI, and IoT.

– Small and medium enterprises and individuals are struggling to combat hackers as resources and expertise are scarce.

– 2024 will be a year of bridging the cyber security divide, with action needed from regulators, enterprises, and technology providers.

The key elements of the article are:

– The World Economic Forum’s Global Risks Report 2024 predicts that cyber insecurity and misinformation/disinformation are among the top risks in the coming years.

– Hackers are targeting common software and services, as well as critical infrastructure, such as city networks, emergency networks, and power utilities.

– Multinational corporations have resources to combat hackers, but small and medium enterprises and individuals struggle due to limited resources and expertise.

– In 2024, bridging the cyber security divide will require action from regulators, enterprises, and technology providers.

– Regulators will focus on enforcing take-down operations, protecting national internet fabrics, and supporting SMEs with guidance and financial aid.

– Enterprises will clarify board and CISO accountability and responsibility, strengthen resilience, and manage third-party risks.

– Technology providers will leverage AI for cyber security, explore the integration of AI and quantum technology, and enhance security-by-design and security-by-deployment.

– Overall, 2024 will be an important year for initiatives and drivers to level the playing field between defenders and attackers in cyber security.