Cody Cornell, co-founder and chief strategy officer of Swimlane, a leader in low-code security automation, shared insights on the evolving landscape of cybersecurity for 2024. The year 2023 witnessed significant cyber incidents, including the MGM Resorts cyberattack and the City of Oakland ransomware attack, underscoring the critical need for robust security measures.
Looking ahead, several key trends are expected to shape the cybersecurity industry in 2024:
- Generative AI: While generative AI is set to see increased adoption, organizations may face challenges in aligning expectations with reality. This may lead to a period of adjustment, emphasizing the importance of defining desired outcomes and understanding AI capabilities.
- Private LLMs vs. Public LLMs: Concerns over data security and domain-specific effectiveness are likely to drive a shift towards private large language models (LLMs) over public ones, particularly in cybersecurity applications.
- AI-Driven Automation: The synergy between AI and automation is poised to revolutionize security operations, enabling intelligent decision-making and actionable insights to combat alert fatigue and enhance cyber resilience.
- Third-Party Risk Assessments: Organizations will reevaluate their approach to third-party risk assessments, moving beyond tool verification to assess vendors' cybersecurity posture comprehensively, focusing on vulnerability management and incident response processes.
- Optimism for 2024: Despite ongoing challenges, there is a sense of optimism for the tech industry in 2024, with thawing budgets, economic improvements, and positive outlooks on interest rates and the political environment.
As organizations navigate the evolving threat landscape, it is crucial for them to reassess their security strategies and adopt the right technologies to mitigate risks effectively. The cybersecurity predictions for 2024 offer valuable insights into the trends that will shape the industry and guide security leaders in preparing for the challenges ahead.
With a focus on innovation, resilience, and proactive risk management, organizations can position themselves for a successful year in cybersecurity amidst the uncertainties of the digital landscape.
