Gartner is one of the top cybersecurity consulting firms in the industry. As part of their Security and Risk Management Summit, they outlined some of the sweeping cybersecurity changes anticipated in the next four years. The company unveiled eight predictions in the cybersecurity areas from 2022-2026.
Here are the predictions they identified these aspects that businesses will need to be aware of through the end of 2023.
1. Through 2023, government regulations requiring companies to provide consumer privacy rights will cover five billion citizens or more than 70% of the global GDP.
2. As hybrid and remote work continues to increase in popularity, by 2025 80% of organizations will put a strategy in place to unify cloud services, web, and private application access from a single vendor’s SSE platform. According to Gartner, single-vendor solutions offer the best security effectiveness and efficiency for businesses.
3. Zero Trust Architecture continues to grow as the go-to model for organizations. Gartner predicts that by 2025, 60% of organizations will embrace zero trust as a starting point for security. More than half will not realize any benefits.
4. The number of cyberattacks related to third parties is on the rise. By 2025, 60% of companies will use cybersecurity risk as a determining factor when conducting third-party transactions and business engagements.
5. Ransomware is increasingly a problem for businesses worldwide that is growing annually. Gartner predicts that through 2025, 30% of nation-states will pass legislation that regulates ransomware payments, negotiations, and fines, up from less than 1% in 2021.
6. IoT is becoming more prevalent in major urban areas, however, Gartner predicts that by 2025, bad actors will weaponize operational technologies like streetlights causing human casualties.
7. COVID-19 provided insight into the failings of many businesses. By 2025, 70% of CEOs will mandate a culture of organizational resilience to survive threats from severe weather, cybercrime, political instabilities, and civil unrest.
8. Cybersecurity will be one of the most prevalent risks addressed by businesses. By 2026, 50% of C-level executives will have performance requirements related to risk built into their contracts.
Cybersecurity is and will be a major concern for corporate America for the foreseeable future. Most security and risk leaders recognize that significant disruption to business is just one crisis away. While we can’t control the situation, thinking, philosophy, and solutions can be put in place to reduce risk.
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