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Cybersecurity Trends in 2024

As we enter the New Year there will be a lot of buzz words flying around, from IoT, to sustainable technology, to edge commuting, and machine learning. So where do you start? How do you keep up with the noise and how do you continue to beat out your competitors through advanced business technologies, improved service offerings all while protecting your data, investments, and reputation?

Well, the good news, we're here to tell you cybersecurity is not a trend. Secure security posture will be in trend for a very long time, across all industries. Creating and implementing impactful strategic plans takes time, takes knowledge and expertise, and the effective use of business technologies. The first step is always addressing where you currently are and where you need to be. Figuring out how to get there is the fun part, and fun fact it doesn't have to be costly!

2024 will be the year of strategic impact. Garner released their Top Strategic Technology Trends 2024. This year, organization's should focus on these three main pillars:

  • Protecting your investments

  • Development and business technologies - using technology to augment workloads and empowering employees

  • Delivering value

Let's start by breaking down the Garner Trends Report, as we've done the heavy reading so you don't have to.

Protecting Investments

The tech world is developing at a rapid pace and it can be challenging to stay up to date and in the know. With the implementation of 5G and improved connectivity, virtually everywhere, and the rapid growth and adoption of AI, every organization has a lot to consider when it comes to business use and investment protection.

Organization's can protect their investments, employees, infrastructure, and data in many ways. From implementing and frequently updating effective cybersecurity measures, procedures, and policies. Implementing strong cybersecurity education and awareness training across the organization, and through yearly assessments of the IT systems.

Effective risk management is crucial for organizations to manage their reputation and ensure their success for years to come. Ransomware is a persistent threat to Canadian businesses. Ransomware is one of the most disruptive forms of cybercrime facing Canadian businesses, and as the ransomware business continues to evolve at an exponential rate, all organization's should take the necessary precautions to protect their business, reputation, and assets.

Investing in Business Technology

Investing in business technology is key for organizations to improve service offerings, customer service, workflows, deliver value, and provide security. There are so many solutions out there with promises of security, protection, and profits. However, implementing the most effective solutions should be based on the business needs not based on the solutions promise. Knowing the options available will allow an organization to make the best decision based on available budget, resources, and skill. That's where we can help, finding the right business technology and solutions will be a defining moment for organizations looking to pivot towards digital transformation.

Remote and hybrid work environments are here to stay, which creates a challenge for organization's when it comes to securing their information and network across various devices. With these new work set ups comes increased attack vectors and end points that organization's need to protect and although Google and Microsoft 365 do provide security it can be costly with and at times no

The Use of AI

Using machine learning is now more accessible than ever. Providing organization's the opportunity to augment workflow and minimize overhead costs. We did a recent podcast with Soundhound.AI on navigating the use of AI and how to harness its potential. However, with the growing use of AI comes increased risk, biased information, and potential threat. For instance, Municipalities that use AI for customer service solutions will have to monitor their machine learning tools to ensure it is free of bias and stereotypes.

Delivering Value

One trend that has never gone out os style is the desire to deliver value to clients and customers. With improved technology comes the desire and need to provide more, faster, and more in-tuned value to clients. Client's want fast, secure service and they wanted it yesterday. Organization's that are unable to provide this value will fall to the side lines.

The market has never been more competitive and the risks have never been higher.

As we move through 2024, we will keep you updated on latest trends and cyber news! Thank you for reading and if you have any questions or want to learn more about protecting your environment reach out to an Edgeworx Team member and we will be happy to help you!

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