Industry executives and experts share their predictions for 2024. Read them in this 16th annual VMblog.com series exclusive.
Navigating the Cybersecurity Landscape in 2024: Trends, Predictions, and Strategic Advice
By Arun Shrestha, CEO & co-founder, BeyondID
The current cybersecurity landscape is undeniably
challenging, with cyber threats reaching new heights of sophistication and
complexity. The rapid evolution of technologies, especially the advancement of
artificial intelligence (AI), adds another layer of intricacy to the threat
landscape. In this environment, cultivating a robust identity culture is not
just advisable; it's paramount for the security and resilience of organizations.
How can organizations protect themselves against these
emerging threats. Read on to learn which trends will shape the cybersecurity
landscape and the steps to take to address these challenges next year.
1. Artificial Identity: Unmasking the Threats
Artificial intelligence (AI) continues its reign in IT and
cybersecurity, but the narrative is shifting. President Biden's recent
Executive Order lays the foundation for bolstering protection against AI
threats. The call for AI regulation is more than just a formality; it's a
crucial element in managing the dynamic landscape of attacks. Beyond merely
reacting, the cybersecurity industry is gearing up with advanced AI
technologies to combat AI-driven threats, such as the use of fake identities
through video, voice, or images. Organizations must invest in the expertise
needed to navigate the intricacies of AI security within your organization.
2. Compliance Takes the Spotlight
As cybersecurity requirements mature, compliance steps into
the limelight. The SEC's stringent disclosure mandates for publicly traded
companies by mid-2024 underscore the urgency of timely reporting on
cybersecurity breaches. Beyond avoiding fines, this shift is about safeguarding
brand reputation, retaining customer trust, and staying competitive in an
unpredictable economy. My recommendation: Weave a robust strategy that
seamlessly integrates security and compliance to fortify your organization.
3. Outsourcing for IT Excellence
The projections for a surge in IT spending in 2024 are
exciting, but the challenge lies in the scarcity of resources, particularly in
AI. A mere 2% of IT personnel possess the necessary experience in this domain.
The solution? Embrace outsourcing to bridge the expertise gap. This isn't just
about cost-effectiveness; it's about achieving a better return on investment
(ROI) in a landscape where specialization across the technical stack is the new
norm. Organizations should consider outsourcing as a strategic move to meet the
demands of a tech-driven future.
4. SOCs: Gatekeepers of Identity Management
In a landscape inundated with security threats, expecting IT
teams to manage them around the clock is wishful thinking. Security Operations
Centers (SOCs) are emerging as the linchpin in identity management, focusing on
real-time monitoring and threat assessment. Automation is the secret sauce for
prompt threat detection, response, and the prevention of security breaches. My
advice: Make SOCs an integral part of your identity management blueprint to
proactively stay ahead of emerging threats.
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ABOUT THE AUTHOR
Arun
Shrestha, CEO & Co-Founder, BeyondID
Arun Shrestha has over 20 years of building and leading enterprise
software and services companies. As CEO, Arun is committed to building a world
class organization with its mission to help our customers build secure, agile
and future-proof business. Arun prides in partnering with customers to
strategize and deploy cutting edge technology that delivers top business
results. Prior to co-founding BeyondID, Arun held executive positions at
Oracle, Sun Microsystems, SeeBeyond and most recently Okta, which went public
in 2017. At Okta, Arun was responsible for delighting customers and for building
world class services and customer success organizations. At Oracle and Sun
Microsystems, Arun led global services and support organizations for systems
and software including Java, SOA, Identity Management platforms. Arun brings
years of delivering modern IT solutions related to Identity, API and Cloud to
global customers across Americas, EMEA and APAC regions. Arun earned his BS in
Computer Engineering and Computer Science from Graceland University, Iowa.