HomeArtificial IntelligenceIndustry leaders’ biggest concerns are cyberattacks in 2024 and beyond

Industry leaders’ biggest concerns are cyberattacks in 2024 and beyond

Cyber ​​attacks have gotten increasingly sophisticated. Learn about industry leaders' concerns for the long run and three approaches corporations can take to construct their defenses.

Cyber ​​workforce shortage

There at the moment are over 4 million unfilled cybersecurity jobs worldwide. Filling these vacancies has develop into a security imperative and a number of other global compliance regulations have been introduced to deal with this issue. In the USA, for instance CISA Cybersecurity Strategic Plan 2023-2025 goals to enhance basic cyber literacy across the country, transform cyber education and strengthen the cyber workforce. The European Union Agency for Cybersecurity (ENISA) provides a series of recommendations for reducing skills shortages and cybersecurity gaps through higher education. Other regions all over the world have similar cyber mandates.

Generative AI attacks

Social engineering attacks that trick users into granting attackers access to systems are also becoming increasingly sophisticated. Generative AI tools like ChatGPT are enabling more attackers to take smarter, more personalized approaches, and deepfake attacks will develop into more common. Combating generative AI attacks requires implementing organization-wide cybersecurity awareness and training.

By 2024, cyberattacks will reach over $10.5 trillion

Until the top of 2024 the prices of cyber attacks The impact on the worldwide economy is predicted to exceed $10.5 trillion. The shortage of execs with the abilities needed to guard organizations from cyberattacks will remain an ongoing issue in 2024. This poses a threat to corporations and societies. However, generative AI can have a transformative impact on defense mechanisms if corporations focus their efforts on cybersecurity training, development and education schemes.

Cybersecurity Transformation: Now is the time

While every organization should create its own cybersecurity transformation roadmap, there are three approaches organizations can take to make sure persons are their first line of defense.

1. Crisis simulation

After a cybersecurity breach, every second counts. Security teams, industry managers and executives should know exactly what role they should play in containing the damage. To prepare, many corporations are testing their incident response (IR) plans and teams with cyber range simulations. Organizations with an incident response team can save $1.5 million in data breach costs in comparison with organizations without an IR team or IR plan testing.

Organizations win:

  • Increased collaboration between organizations with improved knowledge of their attack surface to more effectively discover vulnerabilities and improve resilience
  • The ability to experience a simulated cybersecurity incident with the intensity and pressure of an actual data breach
  • Confidence in responding and recovering from enterprise-level cybersecurity incidents, addressing vulnerabilities, and constructing a stronger security culture

2. Cybersecurity awareness and training

Many corporations find it obscure their cyber risk. IBM's deep cybersecurity expertise leverages insights from 1,500 corporations where we’ve trained, combined with industry best practices based on NIST and ISO standards, to assist corporations improve their cyber culture.

Organizations win:

  • reducing the variety of incidents; subsequently lower overall costs
  • The visibility of live phishing tests combined with targeted training
  • An increase in security awareness and a change in behavior

3. Cybersecurity talent transformation

As cyber threats develop into more complex and increasing, organizations are finding it difficult to develop and maintain the cybersecurity professionals needed to detect, prevent and reply to complex attacks. The IBM Cyber ​​Talent Transformation Service is tailored to a corporation's cybersecurity goals. Using AI in its unique security talent management processes helps construct resilient cybersecurity teams.

Organizations win:

  • The cybersecurity talent and important skills required to satisfy current and future needs
  • The ability to upskill and retrain effectively and quickly
  • The ability to integrate AI and skills strategies that enable corporations to grow faster and retain talent, while reducing the danger of critical cyber talent shortages that may impact business performance

Join the IBM Consulting team on Tuesday, February 13, 2024 from 10-11:00 a.m. EST to listen to from cybersecurity experts and find out how you possibly can apply recent approaches to remodel your enterprise it could deal with today's cyber attacks.

Learn from our cybersecurity experts on February thirteenth


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