Cybersecurity 2024: Ten Global Forecasts To Watch Out For

December 14, 2023
1 min read

In 2024, advancements in technology and changes in global events in relation to cybersecurity are expected to occur, according to experts from FTI Consulting:

  • Election security will continue to be prioritized, especially in the United States, due to the increasing digitalization of the electoral process.
  • As artificial intelligence (AI) becomes more accessible, a dual perspective is advised. Organizations should utilize AI for defense while also understanding the potential threats it can pose.
  • The Zero-Trust Architecture security model will become more common, verifying every user and device that attempts to access an organization’s network, applications, and data.
  • Smart cities will continue incorporating Internet of Things (IoT) into their infrastructure, although this could increase their cybersecurity risk.
  • Supply chain risk management is predicted to be a top priority, as companies scrutinize their suppliers’ cybersecurity practices and their resilience to challenges.
  • Compliance officers will need to strengthen their scrutiny and risk management of third parties to better protect against cyber attacks.
  • In Australia, hefty fines are anticipated to be imposed on organizations that fail to implement appropriate cybersecurity controls.
  • There is an expectation for more individuals, especially those in executive roles, to be held accountable for cybersecurity incidents within their organizations.
  • Organizations are likely to be more transparent about their cybersecurity practices due to the imminent effect of the SEC’s cybersecurity reporting rules and the CISA reporting requirements.
  • Incentivized cybersecurity is expected to emerge, providing rewards for compliance with proper protections and resilience strategies to help organizations prevent incidents, respond faster to attacks, and minimize downtime.

For individuals and organizations, staying informed and proactive in defending against cyber threats is crucial given the rapidly evolving cyber landscape.

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