The Top Cybersecurity Predictions for 2022
The priorities of security and risk leaders are determined by a focus on privacy laws, ransomware attacks, cyber-physical systems, and board-level scrutiny.
Cyber-physical systems are combining the physical and cyber worlds for technologies such as autonomous cars and digital twins, creating yet another security risk for organizations. One of our top predictions for the next few years is how threat actors will attack these systems.
Organizational security and risk management have evolved into a board-level concern. The number and sophistication of security breaches are increasing, which is prompting increased legislation to protect consumers and put security at the forefront of business decisions.
Gartner analysts anticipate increased decentralization, regulation, and safety implications in the coming years.
- Modern privacy laws will cover the personal information of 75% of the world’s population by the end of 2023.
The GDPR was the first significant consumer privacy legislation, followed quickly by others, such as Brazil’s General Personal Data Protection Law (LGPD) and the California Consumer Privacy Act (CCPA). Because of the breadth of these laws, you’ll likely be managing multiple data protection laws in different jurisdictions, and customers will want to know what kind of data you’re collecting and how it’s processed. It also implies that you should concentrate on automating your privacy management system. Standardize security operations by starting with GDPR and then adjusting for individual jurisdictions.
- Organizations implementing a cybersecurity mesh architecture will reduce the financial impact of security incidents by 90% by 2024.
Organizations now support a wide range of technologies in various locations, necessitating the application of a versatile security solution. The cybersecurity mesh extends beyond the traditional security perimeter to cover identities and create a holistic view of the organization. It also contributes to increased security for remote work. In the next two years, adoption will be influenced by these demands.
- By 2024, 30% of enterprises will use the same vendor for cloud-delivered Secure Web Gateway (SWG), Cloud Access Security Brokers (CASB), Zero Trust Network Access (ZTNA), and Firewall as A Service (FWaaS).
Organizations are increasingly focusing on optimization and consolidation. Security leaders frequently manage dozens of tools but intend to reduce this number to less than ten. SaaS will become the preferred delivery method, and consolidation will affect hardware adoption timelines.
- By 2025, 60% of organizations will consider cybersecurity risk when conducting third-party transactions and business engagements.
Investors, particularly venture capitalists, consider cybersecurity risk when evaluating opportunities. Organizations are increasingly considering cybersecurity risks during business transactions such as mergers, acquisitions, and vendor contracts. As a result, there are more requests for information about a partner’s cybersecurity program, such as questionnaires or security ratings.
- The proportion of nation-states enacting legislation to regulate ransomware payments, fines, and negotiations will increase to 30% by the end of 2025, up from less than 1% in 2021.
While broader regulations may apply to ransomware payments for the time being, security experts anticipate a more aggressive crackdown on payments. Given the largely unregulated cryptocurrency market, paying ransoms has ethical, legal, and moral implications, and it’s critical to consider the consequences. The decision to pay (or not to pay) should be decided by a multi-functional team that can address all of these concerns.
- By 2025, 40% of corporate boards will have a dedicated cybersecurity committee chaired by a qualified board member.
Expect a board-level cybersecurity committee along with stricter oversight and scrutiny as cybersecurity becomes (and remains) a top priority for boards. The result raises the visibility of cybersecurity risk throughout the organization and necessitates a new approach to board reporting, the specifics of which may vary depending on the board members’ backgrounds and experiences. Concentrate your messaging on value, risk, and cost.
- By 2025, 70% of CEOs will mandate an organizational resilience culture to withstand converging threats such as cybercrime, severe weather events, civil unrest, and political instabilities.
To account for broader security environments, go beyond cybersecurity and into organizational resilience. The threat landscape becomes more complex because of digital transformation, which affects how you produce products and services. Work on defining organizational resilience and objectives, including compiling a list of cyber risks that affect them.
- By 2025, threat actors will have successfully weaponized operational technology environments, resulting in human casualties.
As malware spreads from IT to OT, the discussion shifts from business disruption to physical harm, with liability most likely resting with the CEO. Focus on asset-centric cyber-physical systems and ensure the right management teams are in place.
Technology Innovations that will be a Game Changer in the near Future
After widespread adoption, all funds and contracts will probably move to public blockchains, which allow and validate digital scarcity and ownership verification
UAE’s Personal Data Protection Law (PDPL) Compliance Services
PDPL stands for Personal Data Protection Law, which is a legal framework that governs the protection and processing of personal data in a country.