Insights For Cisos – Predictions

INSIGHTS FOR CISOS – PREDICTIONS

The threat landscape is vast. Cyber security technologies are advancing, but with a limited budget, you’re probably strategically mapping out how your organization should allocate resources.

As you consider how to best mature your cyber security infrastructure this year, Check Point’s global team of CISOs can offer some insight.

Ransomware will continue and become highly evasive

Ransomware attacks will increase. They will also continue to impact organizations of all sizes, extorting millions of dollars from victims. Most notably, the threats will become increasingly evasive.

While enterprises are adopting a lot of security tools, they’re often not enough, as oftentimes, they’re not interoperable.

Many security professionals erroneously believe that a ransomware attack won’t happen to their organization, and so they don’t take adequate action. What organizations really need are better prevention and detection tools.

It’s very important that organizations take a holistic approach to ransomware and develop a strategy for mitigation. And it’s not enough to just have solutions that ward off ransomware…

Organizations will continue to see a surge in cyber attacks and data breaches, resulting in an explosion of class action lawsuits and litigation that could negatively affect CISOs

Litigation is becoming increasingly common. There’s no doubt about it. Many major enterprises have experienced breaches and paid out significant sums of money on the back of them.

The issue won’t solely affect larger organizations. Smaller organizations will be affected as well and will likely pay out millions in order to satisfy shareholders and individuals who have been breached.

This increase in data breach class actions is really concerning. There’s been a two-fold increase in them from 2022 to 2023.

Further, recent survey results show that 62% of CISOs are concerned about their personal liability when it comes to breaches. What’s driving this? The first item is the Uber case, where the Uber CISO was found guilty…

Field CISO, EMEA, Check Point,

Deryck Mitchelson

AI-based tools will be used by cyber criminals to steal financial resources

Something that Check Point Research has just begun to point out is that criminals are using unregistered and unguarded AI tools and engines for nefarious purposes. Those tools aren’t subject to laws and regulations.

Cyber security professionals are liable to see what could be termed ‘ghost guns’ or ‘unserialized weapons’ used in the AI fight. Check Point’s ThreatCloud and other power-packed products help mitigate this issue, but in the future, more will need to be done to address it.