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What is on Your 2024 Cybersecurity Agenda?

Updated: 1 day ago




As technology continues to evolve at a rapid pace, so do the tactics and strategies employed by cybercriminals. In addition to managing the ever-shifting landscape of cybersecurity threats, security leaders should consider the following in developing their 2024 strategies and plans. 


Addressing AI and ML Integration: Artificial intelligence (AI) and machine learning (ML) technologies are increasingly being leveraged to enhance threat detection and response capabilities. By analyzing vast amounts of data and identifying patterns indicative of malicious activity, AI-powered cybersecurity solutions can help organizations detect and mitigate threats in real time. As cyber threats become more sophisticated and automated, AI-driven defenses are essential for staying one step ahead of cyber adversaries.  


Action for security leaders:  

  • Evaluate the potential uses and risks of AI/ML within security operations 

  • Work with business leaders to develop secure processes and appropriate governance for the use of AI within the business (e.g. use of LLMs) 

  • Continue to monitor the fast-evolving space and adjust as needed 

 

Increasing Cloud Security: The traditional perimeter-based approach to cybersecurity is no longer sufficient in today's decentralized and cloud-centric computing environments. Zero Trust Architecture is gaining traction as a holistic security framework that assumes no trust, whether inside or outside the network perimeter. By implementing granular access controls, continuous authentication, and micro-segmentation, organizations can minimize the risk of unauthorized access and lateral movement by cyber attackers.  


Action for security leaders:  

  • Continue to refine and evolve your zero trust architecture especially focused on identity-centric security, continuous authentication, and micro-segmentation. 

  • Perform regular configuration reviews of cloud infrastructures – leverage automated tools where possible 

 

Strengthening Cyber Resilience: With cyberattacks growing in frequency and complexity, cyber resilience has become a top priority for organizations seeking to minimize the impact of security incidents. A proactive approach to incident response involves comprehensive planning, regular testing, and effective coordination across all levels of an organization. By prioritizing resilience, organizations can reduce downtime, mitigate financial losses, and maintain business continuity in the face of cyber threats.  


Action for security leaders:  

  • Continue to enhance incident response capabilities including regular testing and simulation of incidents e.g. using tabletop exercises. 

  • Review disaster recovery and business continuity plans and ensure these are updated for changes in business and technology 

  • Ensure monitoring controls are in place across the entire attack surface and regularly test monitoring controls through red and blue team testing 

 

Managing Supply Chain Security Risk: The interconnected nature of today's global economy has made supply chains increasingly vulnerable to cyber threats. From third-party vendors and suppliers to software dependencies and cloud services, organizations must assess and mitigate risks throughout their supply chain ecosystem. Supply chain security involves implementing robust vendor management processes, conducting regular security assessments, and fostering transparency and collaboration among supply chain partners.  


Action for security leaders:  

  • Identify vulnerabilities stemming from third-party vendors, software dependencies, and cloud services in your supply chain 

  • Understand the composition of the software integrated into your systems using the software bill of materials 

  • Review disaster recovery and business continuity plans and ensure these are updated for supply chain and systemic risk considerations 

 

Enhancing incident notification: Increased collaboration and information sharing among organizations, government agencies, and cybersecurity vendors is being driven by both regulatory requirements (e.g. SEC Cybersecurity Disclosure Rules) and contractually by major customers.  


Action for security leaders:  

  • Implement and test cybersecurity incident disclosure processes  

  • Monitor threat intelligence feeds and implement processes to validate impacts when notified of potential threats 

 

Addressing expanding OT and IoT Security Challenges: With the rapid adoption of IoT devices across various industries, there is a massive proliferation of interconnected devices. Each device represents a potential entry point for cyberattacks, making the overall network more vulnerable. OT and IoT devices often have unique vulnerabilities compared to traditional IT systems. Many of these devices were not initially designed with security in mind, making them easy targets for cyber threats. Additionally, these devices may have limited computing power and lack robust security features, further exacerbating the risks.  A successful cyberattack on these systems can result in physical damage, environmental hazards, and even endanger human lives. Therefore, the risks associated with OT and IoT security breaches extend beyond data loss and financial harm. 


Actions for security leaders: 

  • Identify, inventory, and appropriately segment OT and IoT devices and networks 

  • Implement monitoring systems and processes to identify threats and potential incidents in OT networks 

  • Develop playbooks and response processes to address potential incidents 

 

Preparing for Quantum-Resistant Cryptography: The advent of quantum computing presents both opportunities and challenges for cybersecurity leaders. While quantum computing holds the promise of exponentially faster processing speeds, it also poses a significant threat to traditional cryptographic algorithms. In response, there is a growing emphasis on developing and implementing post-quantum cryptography standards to ensure the security of sensitive data in the face of quantum-enabled attacks.  


Actions for security leaders: 

  • Develop a strategy for quantum computing 

  • Perform an assessment and risk analysis of cryptographic functions to identify potential exposure areas 

  • Continue to monitor developments and update plans/strategies. 

 

 

TBDCyber works with security leaders, chief information officers, senior management, and Boards of Directors to help organizations identify risks, develop strategies, and build cyber-resilient capabilities. Contact TBDCyber to see how we can assist you and your team. 

 

 

 

 

 

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