In 2023, the cybersecurity landscape saw major events such as the cyberattack on MGM Resorts and the City of Oakland ransomware attack, highlighting the increasing sophistication of cyber threats. Generative AI also played a significant role in shaping conversations within the industry, from automated defense tactics to the exploitation of vulnerabilities. Cody Cornell, co-founder and chief strategy officer of Swimlane, emphasizes the need for security leaders to look back at past experiences to better prepare for the challenges of 2024.
As we move forward in 2024, there are several cybersecurity predictions to keep an eye on. Generative AI is expected to see a surge in usage, but organizations may encounter a gap between expectations and reality, leading to a “trough of disillusionment” period. Private large language models (LLMs) are predicted to win the debate over public LLMs due to concerns about data security and limited effectiveness for specific domains. AI is also expected to supercharge automation, revolutionizing security operations and addressing alert fatigue within security teams.
Furthermore, third-party risk assessments are expected to undergo a total overhaul in response to high-profile breaches in 2023. Organizations will shift their approach towards a deeper dive into a vendor’s overall cybersecurity posture, focusing on vulnerability management and response to security incidents. Despite the challenges, there is a sense of optimism about 2024, with expectations of thawing budgets, economic improvement, and overall positive prospects for the tech industry, particularly cybersecurity.
Looking ahead, it is crucial for organizations to assess their current tools and strategies to combat potential cyber threats and adapt to unforeseen shifts in the economy. The evolving trends in cybersecurity are just a glimpse of what may lie ahead in 2024, and it is important for security leaders to stay informed and proactive in order to navigate the challenges that may arise. With a positive outlook for the tech industry, particularly cybersecurity, 2024 holds promise for innovation and growth in the face of evolving cyber threats.
