As you navigate the ever-evolving digital landscape, understanding the latest cybersecurity trends is paramount to safeguard your data and systems. With 2024 on the horizon, it's essential to stay ahead of emerging threats and the innovative measures to combat them. Cybersecurity topics are increasingly becoming the focus of strategic discussions in boardrooms worldwide, as they can be the determining factor between operational resilience and susceptibility to cyber-attacks. By recognizing the significance and interplay of these trends in cybersecurity, you establish a proactive stance against potential cyber risks.

Looking forward to the key developments on the horizon, this article will explore the multifaceted landscape of cybersecurity technology. You will gain insights into the escalating identity and access threats that underscore the necessity for enhanced multi-factor authentication solutions. We'll delve into the growing concerns for operational technology (OT) security, spotlight the rise of law enforcement collaborations combating cybercrime, and weigh the actual impact artificial intelligence has on cyber defenses. The article will highlight the burgeoning trends in cybersecurity, including the challenges posed by deepfakes and misinformation, the shaping of the security landscape by AI and cyber regulations, the increasing responsibilities placed on Chief Information Security Officers (CISOs), and the current status of quantum readiness. Additionally, we'll address the pressing requirements posed by insurance firms and inventive hiring techniques aimed at reducing the cybersecurity skills gap. With these insights, you'll be equipped to navigate the cybersecurity trends of 2024 with confidence and foresight.

1. Identity and Access Threats Elevate MFA Importance

In your quest to fortify your digital defenses, Multi-Factor Authentication (MFA) emerges as a pivotal cybersecurity trend. As you navigate through 2024's cybersecurity landscape, the implementation of MFA is not just recommended; it's becoming mandatory for an array of organizations, including US federal agencies. MFA's layered security approach demands multiple forms of evidence before granting access, significantly reducing the likelihood of unauthorized entry.

Understanding MFA's Core Components

MFA's strength lies in its diversity of authentication factors, which fall into three main categories:

1. Knowledge Factors: Something you know, such as a password or PIN.
2. Possession Factors: Something you have, like a physical device or security token.
3. Inherence Factors: Something you are, encompassing biometric verification like fingerprints or facial recognition.

Advantages of Multi-Factor Authentication

• Bolstered Security: By requiring multiple proofs of identity, MFA creates a formidable barrier against intruders.
• Password Theft Protection: Even if a password is compromised, MFA keeps accounts secure with additional authentication layers.
• Compliance and Standards: Adheres to industry regulations, ensuring your cybersecurity practices meet required benchmarks.
• Phishing Mitigation: Reduces the success rate of phishing attempts, as mere knowledge of a password is insufficient for access.
• User-Friendly Access: Modern MFA solutions offer convenient and quick authentication processes, improving user experience.

Biometric Authentication: The MFA Game-Changer

Biometrics are transforming MFA by offering:

• Inherent Uniqueness: Each individual's biometric data is unique, which significantly enhances security.
• Phishing Resistance: Biometric data is much harder to replicate or steal compared to traditional passwords.
• Versatility: Biometric authentication can be integrated across various devices, from smartphones to laptops.

Best Practices for MFA Implementation

To optimize MFA's efficacy, consider the following strategies:

• Educate Your Team: Ensure employees understand the importance and proper use of MFA.
• Diverse Authentication Methods: Utilize a mix of knowledge, possession, and inherence factors for robust security.
• Regular Security Updates: Keep your MFA tools updated to protect against the latest threats.
• Backup Authentication: Have alternative verification methods in place for contingencies.

As cybersecurity topics continue to dominate discussions, and trends in cybersecurity evolve, MFA stands out as a non-negotiable element of a comprehensive security strategy. It's not just about following trends in cyber security; it's about actively engaging with cybersecurity technology to protect your most valuable assets. The sophistication of cyber threats is advancing, and your cybersecurity diligence, including the deployment of effective MFA solutions, is your frontline defense in this ongoing battle.

2. Rising OT Security Concerns Amid Infrastructure Targeting

As you continue to adapt to the dynamic world of cybersecurity, it's critical to recognize the escalating threats to operational technology (OT) systems. Ransomware, a malicious software that encrypts data until a ransom is paid, has notably become the top threat to industrial enterprises. In 2022, a staggering 54% of critical infrastructure Chief Information Security Officers (CISOs) reported ransomware attacks, a trend that is only expected to rise in 2024. The convergence of information technology (IT) and OT systems, a result of digital transformation, has inadvertently made OT systems more vulnerable to external threats. This is compounded by the fact that many OT systems are built on legacy technology with outdated, unsupported operating systems that lack modern cybersecurity measures.

Challenges in OT Security:

• Legacy Systems Vulnerability: Many OT systems are built on older technology that was not designed with today's cybersecurity challenges in mind.
• Skills Gap Impact: The global cybersecurity skills gap, estimated at 3.4 million professionals, makes it difficult for manufacturers to manage converged IT and OT environments effectively.
• Regulatory Pressures: Governments are implementing stricter regulations, such as the SEC's mandate for large publicly traded companies to disclose cyber incidents within four days, adding another layer of complexity to cybersecurity management.

To navigate these challenges, adopting a Zero Trust security model is essential. This approach eliminates any implicit trust, insisting on continuous verification of all digital interactions.

Here’s how you can implement a Zero Trust framework to bolster your OT security:

Implementing Zero Trust in OT:

1. Asset Visibility: Gain a comprehensive view of all assets to assess inherent risks accurately.
2. Zero Trust Policies: Apply stringent Zero Trust policies that ensure security protocols are consistently enforced.
3. Simplified Operations: Choose solutions that simplify the operation of Zero Trust policies within your OT environment.

Looking ahead to 2024, it's clear that a more unified approach to OT security is necessary. This means integrating IT and OT security practices to form a cohesive defense strategy. As the number of ransomware attacks on OT environments is projected to increase, organizations must evolve their cybersecurity tactics. Moving beyond simple patch management, it's crucial to develop a deeper understanding of how devices operate within the broader system. Insightful resources like Tenable's OT Security Leadership Series webinar can provide valuable strategies to help you stay ahead of the curve in the constantly changing landscape of OT security.

By proactively expanding your cybersecurity practices and embracing a comprehensive, unified approach, you can ensure that your organization is well-equipped to face the cybersecurity trends of 2024 and beyond.

3. Enhanced Law Enforcement Collaboration

In the realm of cybersecurity, the collaboration between law enforcement agencies and private sector organizations is becoming increasingly crucial. As cyber threats grow more sophisticated, the collective efforts to combat them are ramping up. Here's how enhanced law enforcement collaboration is shaping up as one of the significant cybersecurity trends:

• Cross-border Partnerships: With cybercrime knowing no borders, international cooperation is vital. Law enforcement agencies are forging stronger ties with their counterparts across the globe, sharing intelligence and resources to tackle cyber threats more effectively. This includes joint task forces and shared databases to track cybercriminal activities and patterns.
• Private Sector Engagement: Law enforcement agencies are actively seeking partnerships with private companies, especially those in the cybersecurity field. These collaborations provide access to cutting-edge cybersecurity technology and expertise, enabling quicker responses to cyber incidents. They also facilitate a two-way exchange of critical threat information, enhancing the overall security posture.
• Focus on Cyber Threat Intelligence:
  • Sharing of Intelligence: Real-time sharing of cyber threat intelligence between agencies and organizations helps in identifying and mitigating threats before they escalate.
  • Training and Workshops: Joint training programs and workshops are being conducted to equip personnel with the latest cybersecurity knowledge and skills.
  • Public Awareness Campaigns: Both entities are working together to raise public awareness about cybersecurity best practices, which is crucial in preventing cybercrimes.​

Through these joint efforts, law enforcement and the cybersecurity sector are creating a formidable front against cyber adversaries. As you navigate the trends in cybersecurity, understanding the importance of these partnerships will be key to enhancing your organization's defense mechanisms. The synergy between different entities not only strengthens individual cybersecurity measures but also contributes to a safer cyberspace for all.

4. AI's Limited Impact on Cyber Defenses

Artificial Intelligence (AI) has been a cornerstone in advancing cybersecurity technology, yet as we move into 2024, its impact on cyber defenses, particularly with the adoption of Large Language Models (LLMs), presents a nuanced picture. While AI's capabilities in threat detection and response are undeniable, the expectations must be tempered with a realistic understanding of its limitations.

Current State of AI in Cybersecurity:

• Threat Detection: AI excels at identifying patterns and anomalies, which makes it a valuable tool for detecting potential threats. However, it's important to note that AI is not infallible and can sometimes generate false positives or miss sophisticated attacks.
• Response Time: AI systems can react to threats faster than human teams, providing near-instantaneous responses to certain types of cyber incidents.

Despite these strengths, the practical application of AI in cybersecurity faces several challenges:

Challenges with AI-Driven Cyber Defenses:

• Adaptation by Cybercriminals: Attackers are increasingly aware of AI-driven security measures and are developing methods to evade or fool these systems.
• Complexity of Cyber Threats: The complexity and ever-evolving nature of cyber threats can outpace the learning capabilities of AI models, requiring continual updates and training with new data.
• Dependency on Data Quality: AI's effectiveness is heavily reliant on the quality and quantity of data it's trained on. Inadequate or biased data can significantly diminish the performance of AI models.

Looking Forward: The Role of AI in Cybersecurity:

As you consider the trends in cybersecurity, it's clear that while AI is a powerful tool, it should be viewed as a component of a multi-layered defense strategy rather than a standalone solution. To harness AI effectively, you should:

1. Integrate Human Expertise: Combine AI's speed and efficiency with the nuanced understanding of experienced cybersecurity professionals.
2. Continuous Learning and Adaptation: Regularly update AI models with the latest threat data to improve their predictive accuracy.
3. In-depth Analysis: Use AI to conduct in-depth analysis of security logs and data, but have human oversight to interpret the results and make strategic decisions.

By acknowledging the limitations and strategically leveraging AI's strengths, you can better prepare for the cybersecurity trends and maintain a robust defense against the threats that will continue to emerge in the cybersecurity landscape.

5. The Escalation of Deepfakes and Misinformation Threats

As the digital age advances, you must be vigilant against the rise of deepfakes and misinformation, which are swiftly becoming one of the most alarming cybersecurity trends. These sophisticated forms of digital deception can have far-reaching consequences, from personal reputation damage to geopolitical disruptions.
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Understanding the Threat of Deepfakes:

• Realistic Fabrications: Deepfakes use artificial intelligence to create highly convincing fake audio and video content, making it difficult to distinguish between what is real and what is fabricated.
• Manipulation and Exploitation: This technology can be exploited to manipulate public opinion, commit fraud, and create false narratives, potentially leading to significant social, political, and economic fallout.

Mitigating Misinformation Risks:

• Critical Analysis: Always approach online content with a critical eye and verify through multiple reputable sources before accepting it as truth.
• Educational Initiatives: Stay informed about the latest tools and practices to detect deepfakes. Participate in educational initiatives that promote digital literacy and the ability to identify misinformation.
• Advanced Detection Techniques: Support the development and use of advanced detection techniques that utilize machine learning and other AI methodologies to identify and flag deepfake content.

In your role, whether as an individual or as part of an organization, it's crucial to contribute to a culture of awareness and verification. By understanding the implications of deepfakes and misinformation, you can better prepare for and respond to these emerging challenges. Stay abreast of trends in cybersecurity and engage with the latest cybersecurity technology to protect yourself and your organization from the deceptive and disruptive effects of deepfakes.

6. Cyber and AI Regulations Shape the Global Security Landscape

As you delve deeper into the key cybersecurity topics of 2024, you'll encounter the significant role of regulations in shaping the global security landscape. The European Union's AI Act, poised to become law, is a prime example of how legislative measures will influence cybersecurity trends and practices.

Key Aspects of the European Union's AI Act:

• Risk-Based Regulatory Framework: The AI Act introduces a risk-based approach to regulation, categorizing AI systems based on the level of risk they pose to safety and fundamental rights.
• Compliance Requirements: For high-risk AI systems, stringent compliance requirements will be enforced, including transparency obligations for users, ensuring that AI acts are not opaque and unexplainable.
• Legal Implications: The Act holds manufacturers, distributors, and users of AI systems accountable for compliance, with penalties for non-adherence.

Impact on Cybersecurity Technology and Trends:

•  Standardization of AI Practices:  The AI Act will likely lead to standardized practices in the development and deployment of AI technologies, fostering trust and reliability in AI-driven cybersecurity solutions.
• Boost in AI Security Tools: With the AI Act mandating robust risk assessment and mitigation measures, there will be an increased demand for AI security tools that can ensure compliance and protect against AI-related cyber threats.
• Enhanced Consumer Protection: The regulation emphasizes the protection of consumer data and privacy, compelling businesses to adopt AI solutions that prioritize ethical considerations and data security.

As these regulations come into force, staying abreast of the evolving legal landscape becomes imperative for your cybersecurity strategy. The AI Act is set to have a far-reaching impact, not just within the European Union but globally, as businesses and cybersecurity professionals adapt to meet these new standards. By integrating these regulatory considerations into your cybersecurity practices, you can ensure that your organization remains compliant, secure, and at the forefront of the latest trends in cybersecurity.

7. Increased Pressure on CISOs

In the rapidly shifting arena of cybersecurity, Chief Information Security Officers (CISOs) are finding themselves under increased pressure to stay ahead of the curve. With the advent of advanced technologies like AI, the task of safeguarding an organization's digital assets has become more complex. Here's what you, as a CISO, need to know to navigate these challenges:

Adapting to AI's Evolution in Cybersecurity

• Stakeholder Expectations: You're tasked with addressing AI-related concerns from stakeholders, but the swift evolution of AI technologies makes it challenging to devise concrete, long-term plans.
• Rising Threats: Generative AI, while a boon in many respects, brings with it a host of security vulnerabilities that are difficult to predict and defend against.
• Strategic Agility: To harness the potential benefits of AI and protect against its threats, maintaining agility in your cybersecurity strategy is paramount.

Balancing AI Opportunities and Risks

• Interoperable AI Tools: Adopting AI tools that are widely interoperable can facilitate smoother integration and bolster your security infrastructure.
• Secure AI Best Practices: Embrace best practices for secure AI to guide your organization through the evolving landscape, ensuring that AI technologies are used safely and ethically.
• Multiyear Strategy Development: Collaborate with business peers to craft a multiyear AI investment strategy, balancing the risks and opportunities and managing the inherent uncertainty of AI's impact on cybersecurity.

Responding to Advanced Cyber Threats and Regulatory Changes

• Ransomware Evolution: With ransomware attacks becoming more sophisticated and the average enterprise ransom demand reaching $5.3 million, your strategies must evolve to counter these threats effectively.
• Zero Trust Architecture: The decline in effectiveness of traditional security measures like VPNs and firewalls necessitates the adoption of a zero trust architecture to safeguard against advanced attacks.
• Regulatory Compliance: New regulations, such as mandatory reporting of cyber breaches within 72 hours, require a tech-enabled approach that integrates cybersecurity across the entire enterprise.

As you continue to fortify your organization against the latest cybersecurity trends, it's clear that the role of the CISO is more critical than ever. By staying informed, agile, and proactive, you can build a cybersecurity program that not only addresses today's challenges but also anticipates the threats of tomorrow.

8. Quantum Readiness Not Yet a Priority

As the digital world braces for the quantum era, cybersecurity trends indicate a gradual but critical shift towards quantum readiness. Despite the transformative potential of quantum computers, which could render current encryption algorithms like RSA, ECDH, and ECDSA obsolete, quantum readiness is not yet a widespread priority. However, with the National Institute of Standards and Technology (NIST) expected to finalize its post-quantum cryptography (PQC) standards by 2024, the clock is ticking for organizations to prepare their defenses against quantum decryption threats.

Transitioning to Quantum-Safe Cryptography:

• Post-Quantum Security Plans: It's predicted that by 2024, at least 10% of enterprises will have published their post-quantum security plans, highlighting the growing awareness of encryption security in the age of quantum computing.
• Crypto Agility Focus: The concept of crypto agility is gaining traction, emphasizing the need for organizations to be able to swiftly adopt alternative encryption methods or protocols in response to quantum-resistant cryptography's increasing importance.
• Quantum-Safe Key Distribution: As quantum hardware becomes more commercially viable, the importance of quantum-safe key distribution escalates to counter the risk of compromised key distribution.

Preparing for the Quantum Shift:

• Early Adoption: Organizations should start considering the transition from current cryptographic standards to quantum-resistant standards now, as migrating systems to PQC will be a time-intensive process.
• Mitigation Strategies: To combat quantum computing threats, organizations should:
  • Implement post-quantum cryptography algorithms
  • Employ quantum key distribution
  • Segment networks and systems to enhance security

Quantum Hardware Advancements:

• Error-Mitigation Techniques: Quantum hardware is expected to become more industry-ready in 2024, thanks to advanced error-mitigation techniques that enhance the reliability of quantum computations.
• Scalability Experiments: Ongoing experiments focused on scalability are paving the way for quantum hardware to be integrated into more mainstream applications, signaling a significant trend in cybersecurity.

Your proactive engagement with these cybersecurity topics is vital. By staying informed about trends in cybersecurity and integrating quantum-safe practices into your cybersecurity technology stack, you can ensure that your organization's data and systems remain secure in a post-quantum world.

9. Minimum Cybersecurity Requirements by Insurance Firms

In the face of escalating cybercrime rates, cyber insurance has become an indispensable safeguard for businesses in 2024. These policies offer a financial safety net, protecting against the repercussions of hacks, malware attacks, or data breaches. Coverage typically extends to:

• Investigative Services: To uncover the source and extent of a cyber incident.
• Data Recovery: Restoring lost or corrupted data post-attack.
• Hardware Repairs: Fixing or replacing damaged equipment.
• Consumer Notification: Costs associated with informing affected parties.
• Crisis Management: Professional services to manage the company's reputation post-incident.

Furthermore, cyber insurance may cover the consequential financial losses, including:

• Lost Income: Compensation for business disruptions.
• Fines and Penalties: Arising from regulatory non-compliance.
• Legal Fees: Defense costs in lawsuits related to cyber incidents.
• Settlements: Costs to resolve claims made by affected parties.

The cost of acquiring cyber insurance hinges on several factors:

• Cybersecurity Measures: Robust security practices can lower premiums.
• Coverage Types: The extent and limits of the coverage chosen.
• Business Size: Larger organizations may face higher risks and thus higher premiums.

As the cyber insurance market contends with volatility, premiums are on the rise, and insurers are tightening their security prerequisites. To navigate these cybersecurity trends, businesses may soon benefit from a federal cyber insurance backstop, aimed at providing adequate coverage options. Insurers are setting the bar high, demanding robust security measures such as:

• Strong Access Controls: To mitigate risks from unauthorized access.
• Regular Vulnerability Assessments: For timely identification and remediation of system weaknesses.
• Incident Response Plans: Detailed strategies for swift and effective action during cyber incidents.
• Cybersecurity Training: Ensuring employees understand their critical role in safeguarding data and systems.

For remote system access, insurers are increasingly mandating:

• Multi-Factor Authentication (MFA): An additional layer of security to verify user identities.

To further shield sensitive information, insurers are advocating for:

• Data Encryption: Making data unreadable to unauthorized users.
• Privileged Access Management Solutions: To prevent the misuse of elevated access rights.

By meeting these insurer requirements, businesses not only position themselves for more favorable insurance terms but also fortify their defenses against the evolving cybersecurity threats of 2024. Adhering to these practices aligns with the latest trends in cybersecurity, ensuring your organization's resilience in the digital arena.

10. Innovative Hiring Strategies to Bridge the Skills Gap

Addressing the cybersecurity skills gap, with an estimated 3.4 million positions unfilled globally, demands innovative hiring strategies beyond merely upskilling high-potential recruits. A broader approach is essential for cultivating a stable and resilient workforce capable of meeting the complex demands of cybersecurity roles. Here are strategic measures your organization can implement to bridge this gap:

• Develop Targeted Training Programs: Invest in specialized training initiatives that align with the most in-demand cybersecurity roles. By focusing on these critical areas, you can build a team with the expertise that is most likely to be targeted by competitors, thus enhancing your organization's cybersecurity resilience.
• Create Clear Cyber Career Pathways: Utilize the cyber career pathways being established across the US, UK, and Europe to provide a transparent understanding of the specific skills required for each role. This clarity helps in guiding training programs and setting expectations for career progression within the field.

When evaluating cybersecurity candidates, consider the following:

• Hands-On Experience: Prioritize candidates with practical experience in cybersecurity environments, as this indicates their ability to handle real-world challenges.
• Credentials and Training: Look for candidates who have completed hands-on cybersecurity training courses and hold relevant certifications, which are strong indicators of their qualifications and commitment to the field.
• Soft Skills: Beyond technical prowess, seek candidates who excel in communication, critical thinking, problem-solving, teamwork, and attention to detail. These soft skills are vital for the collaborative and dynamic nature of cybersecurity work.

To further bridge the skills gap, your organization can take several proactive steps:

• Foster Partnerships with Educational Institutions: Collaborate with universities, colleges, and other educational bodies to create internship and apprenticeship programs. This not only provides students with valuable experience but also creates a pipeline of trained professionals for future hiring.
• Upskill IT Professionals: Transform your current IT staff into cybersecurity experts through targeted upskilling and reskilling programs, leveraging their foundational knowledge and familiarity with your organization's systems.
• Cultivate Cybersecurity Awareness: Train all non-technical employees to recognize and defend against common cyber threats. This creates a first line of defense and fosters a company-wide culture of cybersecurity awareness.
• Leverage Expert Partnerships: Work with partners that offer expert security services and resources. Such collaborations can provide immediate access to skilled professionals and advanced cybersecurity technology, helping to mitigate the impact of the skills gap on your operations.

By implementing these strategies, you are not only addressing the immediate need for skilled cybersecurity professionals but also investing in the long-term development of talent that will support the evolving cybersecurity trends and technologies.

Conclusion

As we conclude our exploration of the imminent cybersecurity trends for 2024, it's evident that the digital landscape is rapidly evolving, presenting both sophisticated challenges and innovative defense mechanisms. From the escalating importance of Multi-Factor Authentication (MFA) and the increased vulnerabilities in operational technology (OT) security, to the advancements in combating deepfakes, complying with AI regulations, and preparing for quantum computing's impact, the need for robust and proactive cybersecurity strategies has never been more pronounced. These trends underline the interconnectedness of advanced technology and cybersecurity measures, urging organizations to adapt and remain vigilant in safeguarding their digital assets.

In preparing to navigate these trends, the emphasis on an integrated approach becomes clear – where collaboration, adaptation, and education play key roles in reinforcing cybersecurity resilience. The increased pressures on Chief Information Security Officers (CISOs), the stringent requirements set by insurance companies, and the creative hiring practices to bridge the skills gap collectively contribute to a more secure cyber environment. As these trends continue to shape the cybersecurity landscape, it is imperative that we take informed action, fostering a culture of continuous improvement and readiness to counter the threats of tomorrow.

FAQs

What are the expected cybersecurity trends for 2024?

In 2024, cybersecurity trends are being shaped by factors such as Generative AI (GenAI), the risks associated with unsecure employee behavior, third-party vulnerabilities, ongoing threat exposure, communication gaps in the boardroom, and an identity-first approach to security, as identified by Gartner, Inc.

Will there be a rise in cyber attacks in 2024?

The year 2024 is projected to see an escalation in AI-driven cyberattacks, exploiting the vulnerabilities of increasingly connected devices. As the number of Internet of Things (IoT) devices and smart technologies grows, so does the attack surface.

What will data security entail in 2024?

For US companies, data security in 2024 involves navigating a complex array of federal and state laws and regulatory obligations related to consumer or employee data. It is expected that this regulatory framework will expand in five key areas, including the enforcement of new federal disclosure obligations.

What does Forrester predict for cybersecurity in 2024?

Forrester's predictions for cybersecurity in 2024 include dedicated resources for Zero Trust (ZT) initiatives, the exploitation of flaws in AI-generated code, increased regulatory scrutiny over the handling of personally identifiable information (PII), more selective cyber insurers, and the recognition that training alone cannot prevent breaches.

Why is cybersecurity considered crucial in 2024?

Cybersecurity is of paramount importance in 2024 due to the substantial costs associated with cybercrime and data breaches. It is projected that global cybercrime damage costs could reach up to $10.5 trillion by 2025, underscoring the need for cybersecurity awareness and education.

What will the cybersecurity landscape look like in a decade? 

A decade from now, cybersecurity will require quantum-resistant cryptography to counter the threats of the post-quantum era. The security of IoT devices will become a focal point as the Internet of Things expands, creating a larger attack surface for cybercriminals to exploit.

How large is the cybersecurity market projected to be in 2024?

The global cybersecurity market, valued at $190.5 billion in 2023, is expected to grow to approximately $208.8 billion by the end of 2024, marking a year-over-year increase of around 10%.

Is the field of cybersecurity expected to diminish? 

Cybersecurity is not anticipated to become obsolete. A defense in depth strategy will remain essential, as organizations will continue to rely on multiple technologies and processes to mitigate the risk of cyberattacks rather than relying on a single solution.

What are the global economic predictions for 2024?

The global GDP growth in 2024 is forecasted to range between 2.5-3%, which is slightly below the 10-year average from 2013 to 2022 of 3.1%. The U.S. is expected to experience a slowdown in growth to 1.5%, down from 2.4% in 2023, while Europe's growth is also predicted to be slow at 0.9% in 2024.