The year 2023 has had a lot of consequences for CISOs and cybersecurity managers. Let’s be realistic: the economic slowdown at the end of 2022 has hit us hard. Budget constraints, staff reductions and ever-evolving cyber threats have created a challenging environment. Even IT managers, whose primary language was not cybersecurity, were forced to juggle security tasks with their regular jobs.
As we prepare for 2024, let’s take a look back at the most pressing issues security leaders have faced and the new obstacles we may face in the year ahead.
Budgets and tight budgets Turnover
Let’s talk about turnover. Despite tighter budgets, turnover in security leadership positions poses a notable challenge, potentially creating unnecessary costs in the long term. Although cybersecurity programs aim to protect organizations, they are not an impenetrable shield. Poor communication about the limits of security measures can contribute to revolving door CISOs (Chief Information Security Officers). But it’s not about changing your face; it’s about changing mentalities.
The lesson here: Clarity on the role of a CISO and what a security program can realistically do is essential. To break this cycle in 2024, you may need to define the limits of your security measures and put your money where it has the most impact. Remember: it’s not about what you spend, but where and why.
The dehumanization of cybercrime
Organized cybercrime has become more sophisticated: you can get all the infrastructure, processes and capabilities you need, for a small fee. And as more criminals enter the arena, motivated solely by profit, a worrying trend is emerging: Threat actors view their targets more as data points than people.
This dehumanization means that anyone with a wallet is a potential victim, leading to more scams and ransomware operations than ever before. This is particularly problematic for small and medium-sized businesses (SMBs) which, due to limited resources, have become prime targets for malicious actors.
The rise of AI in cybersecurity
The year 2023 was marked by the growing impact and use of artificial intelligence (AI). Like all emerging technologies, AI has generated varying reactions: some see it as a powerful tool, while others are more hesitant. Whichever way you look at it, there’s no denying that this has the potential to be a cybersecurity game-changer.
AI has a dual nature. It can be a positive force, but it can also be used for malicious purposes. Cybercriminals are following the AI bandwagon to strengthen their attacks. They create phishing emails that look even more legitimate and refine their tactics.
But guess what? We also have AI. In 2024, AI can no longer be just a buzzword; this could be a way to level the playing field. Defenders have the ability to use AI defensively, potentially increase AI equipped with human capabilities to counter attacks and ever-changing trade.
Looking forward
As we turn the page to 2024, the challenges of last year do not magically disappear. On the contrary, they transform and multiply.
So what does the future hold for the cybersecurity leaders of today and tomorrow? If there’s anything 2023 has taught us, it’s that meeting these challenges will require innovation, adaptation, and a strong dose of collaboration.
Join us once a month to demonstrate hacking techniques, talk tech, and more during Craft Tuesday. No products, no sales pitches, just craftsmanship. Watch previous episodes or sign up today.
