As with the other areas we’ve highlighted for 2024, the cybersecurity landscape will continue to evolve with both persistent challenges and new trends.

A key aspect of this evolution involves the continued rate of incidents, highlighting the importance of maintaining a transparent response towards customers. Transparency is best practice yes, but beyond that, we anticipate it will become the norm, with organisations doing their best to establish trust by openly communicating about incidents and the measures taken to mitigate them.

Another important development in the field is the absolute necessity for automation within cybersecurity operations. The aim here is to prioritise and automate as many processes as possible, therefore reducing the reliance on extensive human resources such as large Security Operations Centre (SOC) teams, to respond to threats. This approach is about efficiency, and enhancing the effectiveness of cybersecurity measures by allowing technology to handle routine tasks, enabling human experts to focus on more complex challenges.

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The spotlight also intensifies on supply chain risks, highlighted by the Moveit application breach, which resulted in over £7.9 billion in losses for more than 1,000 companies and impacted 60 million individuals. These incidents shine a light on the interconnected nature of modern business operations and highlight the vulnerabilities that can arise from third-party services and software. As these threats become more prevalent, organisations will need to adopt more rigorous security measures to protect their supply chains from potential breaches.

Security budgets are set to come under greater scrutiny in 2024. As cybersecurity becomes more aligned with business objectives and board oversight, there will be a push for justifying security investments more rigorously. This shift means that cybersecurity initiatives will need to demonstrate clear value to the business, ensuring that spending is both strategic and effective in mitigating risks.

Lastly, there’s a growing recognition of the unintended consequences of well-meaning security regulations. While these regulations aim to bolster cybersecurity postures, they sometimes drive the wrong security behaviours, leading to blind spots in an organisation’s defences. This realisation calls for a more nuanced approach to compliance, one that goes beyond a simple tick box exercise to genuinely – and meaningfully – enhancing an organisation’s security capabilities.

Amy Lemberger, Gamma’s Group Security Director, shares her thoughts on being a cybersecurity leader in 2024.

“Leading security for a company like Gamma is challenging and rewarding at the same time. Done well security can be an enabler with your customers, done badly it can cause both direct and indirect damage to them. Balancing that with the ever-changing threats and landscape keeps me and the teams on our toes.”

So, with all that being said, our cybersecurity predictions for 2024 paint a picture of a domain that’s rapidly adapting to new challenges. With an emphasis on transparency, automation, supply chain security, budgetary efficiency, and a critical view of regulatory impacts, organisations are being urged to rethink and refine their cybersecurity strategies in the face of an increased evolutionary pace in the threat landscape.

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