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In today’s business world, cybersecurity is a vitally important issue. Businesses of all sizes are exposed to a wide range of cyber threats, from simple phishing attacks to sophisticated ransomware attacks.
In 2024, U.S. businesses will face a number of new cybersecurity challenges. These challenges include:
- Increasing sophistication of threats – Cybercriminals are increasingly using more sophisticated techniques to attack businesses. This includes the use of artificial intelligence (AI), advanced malware and targeted attacks.
- Talent shortage: Demand for skilled cybersecurity professionals is outstripping supply. This makes it difficult for companies to find and retain employees with the skills needed to protect their systems and data.
- Increasing regulation: Government authorities are enacting new cybersecurity regulations to protect businesses and consumers. These regulations can place additional burdens on businesses.
Specific challenges:
Increasing sophistication of threats:
Cybercriminals are increasingly using AI to automate tasks, identify vulnerabilities and develop new attack techniques. This makes it more difficult for companies to detect and respond to attacks.
An example of this type of attack is deepfake, which is a video or audio manipulated to make it appear as if a person is saying or doing something they never said or did. Cybercriminals can use deepfakes to trick employees or customers into revealing confidential information.
Another example is the use of advanced malware that is capable of evading traditional security measures. This malware can spread through a variety of vectors, such as phishing emails, infected websites and infected USB devices.
Talent shortage:
Demand for skilled cybersecurity professionals is outstripping supply. This makes it difficult for companies to find and retain employees with the skills needed to protect their systems and data.
According to (ISC)²’s Cybersecurity Workforce Study report, the cybersecurity talent shortage is expected to reach 3.5 million jobs worldwide by 2021.
This talent shortage may have a negative impact on companies’ ability to protect themselves from cyber threats.
Growing regulation:
Government authorities are enacting new cybersecurity regulations to protect businesses and consumers. These regulations can place additional burdens on businesses.
In the United States, the Cybersecurity Modernization Act of 2023 (CISA) is an example of new cybersecurity regulation. This law imposes new obligations on companies that handle sensitive information.
These new regulations can place additional burdens on companies as they must invest in new technologies and processes to comply.
Recommendations:
To address these challenges, companies should take a holistic approach to cybersecurity. This includes:
- Technology investments: Companies should invest in advanced cybersecurity technologies to protect against the most sophisticated threats.
- Employee training: Companies should provide training to their employees on cyber threats and how to protect themselves.
- A culture of cybersecurity: Companies must create a culture of cybersecurity in which all employees are committed to protecting the company’s systems and data.
Companies that take a holistic approach to cybersecurity will be better prepared to meet the cybersecurity challenges of 2024 and beyond.
Conclusions:
Enterprise cybersecurity challenges in 2024 will be complex and varied. Companies that want to protect themselves from these threats must take a holistic approach that includes investments in technology, employee training, and a culture of cybersecurity.