Gartner, the security analysis firm, unveiled eight cyber security predictions for the next four years during a summit held on June, 2022 in Sydney. These predictions came at a time when the world is experiencing unprecedented cybercrime rates.
According to Gartner, businesses need to change old habits to avoid future disruptions. And IT leaders need to develop effective strategies based on the eight cybersecurity predictions. Here are the eight forecasts by security analysts from Gartner.
“Through 2023, government regulations requiring organizations to provide consumer privacy rights will cover 5 billion citizens and more than 70% of global GDP.”
In 2021, almost 3 billion people from 50 countries had access to consumer privacy rights. But Gartner estimates that number to increase to 5 billion. Gartner suggests that companies should track the cost and time spent in requesting and responding to privacy metrics, then identify inefficiencies that need accelerated automation.
“By 2025, 80% of enterprises will adopt a strategy to unify web, cloud services, and private application access from a single vendor’s SSE platform.”
Due to the increase in the hybrid workforce, the security of cloud services is increasingly becoming crucial. Hence, vendors are offering an integrated security service edge (SSE) solution, where users can access all cloud services from one vendor. Doing this helps improve efficiency and security effectiveness because it requires fewer devices and fewer locations where data is encrypted and decrypted.
“60% of organizations will embrace Zero Trust as a starting point for security by 2025. More than half will fail to realize the benefits.”
Most organizations will take a zero-trust approach to security, where all users authenticate themselves before gaining access. But according to Gartner, many organizations will not benefit from this approach, and so they may abandon it.
“By 2025, 60% of organizations will use cybersecurity risk as a primary determinant in conducting third-party transactions and business engagements.”
According to Gartner, only 23% of companies monitor third parties’ security in real-time. But due to increased attacks to third parties and consumer concerns, cybersecurity leaders will start doing more to determine the risk level of doing business with third parties.
“Through 2025, 30% of nation states will pass legislation that regulates ransomware payments, fines, and negotiations, up from less than 1% in 2021.”
The amount paid in ransomware attacks each year continues to increase. According to Gartner, more countries will enact registrations to minimize the amount lost through these attacks. Gartner recommends involving regulatory and law enforcement bodies before deciding to pay the ransom.
“By 2025, threat actors will have weaponized operational technology environments successfully to cause human casualties.”
According to Gartner, security leaders need to be concerned about the harm operational technology (OT) can cause to humans, not just to data. That’s because (OT) can remotely control assets. Hence, attackers can use it to cause physical harm to humans.
“By 2025, 70% of CEOs will mandate a culture of organizational resilience to survive coinciding threats from cybercrime, severe weather events, civil unrest, and political instabilities.”
Disruptions from the covid-19 pandemic have taught companies a vital lesson. As a result, businesses will incorporate resilience planning in their strategies to help them survive future disruptions.
“By 2026, 50% of C-level executives will have performance requirements related to risk built into their employment contracts.”
A recent Gartner survey shows that most board members consider cybersecurity a business risk, not an isolated IT problem. Therefore, the company expects the security responsibility to fall on top business officials instead of security leaders.
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