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The cybersecurity landscape is constantly evolving, and organizations need to stay informed about new and upcoming regulations that may affect their operations. In 2024, cybersecurity regulations are expected to be more stringent and encompass a wider range of industries and regions. Here are some key elements to look out for:
1. Expansion of privacy regulations
Privacy regulations like the GDPR and CCPA have set the stage for stricter data protection requirements. More countries and regions are expected to adopt similar regulations, expanding the scope of compliance for organizations that handle personal data.
2. Focus on data sovereignty
Data sovereignty will drive the creation of private, localized infrastructure and operations to comply with privacy regulations. This will challenge the traditional approach of a cloud-delivered model that exports data out of the country.
3. Region-specific cybersecurity regulations
Regulations will differ depending on the region. In the US, industry-specific cybersecurity regulations will be implemented at the state level, while European and APAC countries are likely to see expanded nationwide compliance requirements.
4. Enhanced information sharing
There will be a shift towards real-time information sharing within global public-private cyber partnerships. Governments and businesses will join forces to share threat intelligence, resources, and bolster defenses against specific threats.
5. Safeguards for AI
Regulations surrounding AI will focus on accuracy, safety, and overwriting AI decisions. Governments worldwide are rushing to implement regulations and frameworks to ensure the responsible use of AI, although a fine balance is needed to avoid stifling innovation.
6. Compliance is not enough
Organizations should see compliance with regulations as the minimum requirement for cybersecurity. Prioritizing security and going beyond compliance will be crucial for maintaining cyber resilience.
It’s important for organizations to stay informed and adapt their cybersecurity practices to comply with regulations as they continue to evolve in 2024 and beyond.
