What industry leaders are most concerned about about cyberattacks after 2024

Cyber ​​attacks are becoming increasingly sophisticated. Read about the concerns industry leaders have about the future and three approaches organizations can take to strengthen their defenses.

cyber manpower shortage

There are over 4 million unfilled cybersecurity jobs in the world today. Filling these vacancies has become a security imperative, and several global compliance mandates have been enacted to address this issue. For example, in the United States, the goals of the 2023-2025 CISA Cybersecurity Strategic Plan are to improve entry-level cyber skills across the country, transform cyber education, and strengthen the cyber workforce. The European Union Cybersecurity Agency (ENISA) provides a set of recommendations to reduce cybersecurity skills shortages and gaps through higher education. Other regions around the world have similar cyber obligations.

Generative AI Attacks

Social engineering attacks that trick users into giving attackers access to their systems will also become more sophisticated. Generative AI tools like ChatGPT will allow more attackers to create smarter, more personalized approaches, and deepfake attacks will become increasingly widespread. Combating generative AI attacks requires implementing cybersecurity awareness and training across your organization.

By 2024, cyber attacks will exceed $10.5 trillion.

By the end of 2024, the cost of cyberattacks on the global economy is expected to reach $10.5 trillion. The shortage of professionals with the skills needed to protect organizations from cyberattacks will continue to be a hot topic in 2024. This is a threat to business and society. However, generative AI can have a transformative impact on defense mechanisms as organizations focus their efforts on cybersecurity training, development, and upskilling programs.

Cybersecurity Transformation: The Time is Now

Every organization should create its own cybersecurity transformation roadmap, but there are three approaches organizations can take to ensure that people are the first line of defense.

1. Crisis simulation

After a cybersecurity breach occurs, every minute counts. Security teams, business unit managers, and executives need to know exactly what role they need to play to contain the damage. To help prepare, many organizations are testing their incident response (IR) plans and teams through cyber range simulations. Organizations with an incident response team can save $1.5 million in data breach costs compared to organizations without an IR team or IR plan testing.

Organizations benefit from:

• Improved knowledge of the attack surface to more effectively identify vulnerabilities and improve resiliency enhances collaboration across the organization.
• Ability to experience simulated cybersecurity incidents with the intensity and pressure of a real data breach
• Confidence in enterprise-wide cybersecurity incident response and recovery, vulnerability management, and building a stronger security culture

2. Cybersecurity awareness and education

Many businesses struggle to understand cyber risk. IBM’s deep cybersecurity expertise helps organizations improve their cyber culture by leveraging lessons learned from 1,500 companies that have hosted training sessions combined with industry best practices based on NIST and ISO standards.

Organizations benefit from:

• Reduced number of accidents thus reducing overall costs.
• Real-time phishing test visibility coupled with targeted training
• Increased security awareness and behavioral changes

Cybersecurity Talent Innovation

As cyber threats become more sophisticated and grow, organizations struggle to develop and retain the cybersecurity talent needed to detect, prevent, and respond to advanced attacks. IBM Cyber ​​Talent Transformation services are tailored to fit your organization’s cybersecurity goals. Help build resilient cybersecurity teams by using AI in your unique security talent management processes.

Organizations benefit from:

• Cybersecurity talent and critical skills needed to meet current and future needs
• Ability to upskill and reskill effectively and quickly
• The ability to integrate AI and technology strategies to enable organizations to grow faster and retain talent while reducing the risk of severe cyber skills shortages that can hinder business performance.

Join the IBM Consulting team on Tuesday, February 13, 2024 from 10:00 AM to 11:00 AM EST to hear from cybersecurity talent experts and apply new approaches to transform your business against today’s cyberattacks. Find out how.

February 13 Learn from cybersecurity experts