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ExtraHop 2024 Predictions: Keeping stability among our cyber threat landscape

vmblog-predictions-2024 

Industry executives and experts share their predictions for 2024.  Read them in this 16th annual VMblog.com series exclusive.

Keeping stability among our cyber threat landscape

By Raja Mukerji, Chief Scientist and Co-founder, ExtraHop

With the new year right around the corner, there's no doubt we'll find ourselves grappling over a new set of challenges within the cybersecurity space. The urgency for organizations to anticipate the fast pace of threat activity and attacks will continue to remain a core cyber practice. As we immerse ourselves into 2024, CISOs and cyber teams will stay at the forefront of providing real value and change to enhance our cyber needs and take security to the next level.  

Here are three key predictions that provide insight into how organizations looking to advance their cybersecurity posture and invest in a strong security foundation will be proceeding in the year ahead. 

1. Reducing complexity will be the #1 goal for CISOs this year. Complexity rears its head in two ways for companies investing in security solutions: first is in the deployment itself. Part of that is technical debt that's arisen from years of companies bolting new systems and features together without pausing to consolidate and simplify. Second is the continuing issue of vendor sprawl, which brings product overlap and additional oversight to the table. In 2024, especially with tighter budgets, CISOs will be looking for solutions that solve for this complexity and tie together their security needs into one provider, one point of contact and one main point of visibility.

2. Higher cost of capital will reduce future security horizons. As it came to security - and other technology - companies used to invest in 3, 5, 10 year plans. But with the rising cost of capital, fewer investments are built with the long-term in mind and fewer companies are willing to experiment with providers. To break out of these short term buyer cycles, cybersecurity providers will have to focus on providing value through mission, operationalizing through their larger partner ecosystem, and showing up when it matters most.

3. Increased focus on operationalizing people through AI and 3rd parties. CISOs do not lack for regulatory playbooks, compliance frameworks, and in many cases, even technologies. The primary area of pain is in their ability to operationalize their own investments in security due to talent gaps and sheer bandwidth. We will see an increased focus in upleveling users' security capabilities, both in the security team, as well as at the organization level.

Investing in the right solutions with the right mindset will be critical. Companies that shift their focus on simplifying their security solutions, partner with cybersecurity providers who add value through mission, and increase their investment focus to hone in on AI and 3rd parties will find a path to success in 2024 and beyond.

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ABOUT THE AUTHOR

raja mukerji 

Raja Mukerji is the chief scientist and co-founder at ExtraHop Networks where he is responsible for customer services, solutions architecture, business development, and technical alliances. Raja drives customer success, leveraging his operational background in the financial-services industry.

Raja co-founded ExtraHop in 2007, after a seven-year tenure at F5 Networks where he was a senior software architect and co-inventor of the TMOS platform. Raja was a lead developer behind the BIG-IP v9 product and the major accounts liaison for critical customer-facing issues within product development. Before F5, Raja worked as a technology architect at Strong Capital Management.

Raja is a renowned expert in application delivery and network protocols. He was involved in the FreeBSD project and contributed several enhancements to its TCP stack. Raja holds a bachelor's degree in Computer Engineering from the Milwaukee School of Engineering.

Published Thursday, November 30, 2023 7:32 AM by David Marshall
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