Cybersecurity, although not a new trend, is continually evolving. The constant emergence of new threats from hackers, seeking illegal access to data, ensures its relevance. Moreover, ongoing advancements in technology are being utilized to strengthen security measures. As long as there are hackers, cybersecurity will remain a trending technology, adapting and evolving to defend against their evolving tactics.
Gartner predicts that by 2025, 60% of organizations will prioritize cybersecurity risk when dealing with third-party transactions and business engagements.
Digital Trust is more advanced than standard Cybersecurity. As people become more accustomed to devices and technology, they are gaining confidence and trust in digital technologies. This growing digital trust is a crucial trend that fosters further innovations. When people have digital confidence, they believe that technology can build a secure and reliable digital world. This trust allows companies to innovate without concerns about securing the public’s confidence.
To create a safer space for digital users, cybersecurity companies are expected to engage more than ever in the field of test hacking processes using generative AI. In this field, only a very small number of companies can address the market needs.
Areas of developments in 2024 may include:
- Zero Trust Security Models: deployment of Zero Trust frameworks to enhance cybersecurity the entire network (front and back-end),
- Advanced Threat Detection and Response: cybersecurity strategies are expected to focus more and more on proactive threat detection and response which is in contrast with the present ex-post process,
- Enhanced Authentication Methods: widespread adoption of biometric authentication, multi-factor authentication (MFA), and passwordless authentication,
- Blockchain for Cybersecurity: Blockchain technology enhances the security and transparency of data storage, identity verification, and transaction validation,
- Focus on Supply Chain Security: strategies and deployment of cybersecurity to enhance the resilience of suppliers and partners,
- Quantum-Safe Cryptography: shift towards quantum-safe or quantum-resistant cryptographic algorithms to ensure long-term security,
- Regulatory Compliance and Standards: Governments and regulatory bodies to deploy increased scrutiny and regulatory requirements related to data protection and cybersecurity practices,
- Security Automation and Orchestration: full automation of routine security tasks and orchestrating proactive security strategies,
- Human-Centric Security: focus on human-centric security practices fostering a security-conscious culture,
- Privacy-Centric Approach: improved compliance with privacy regulations.