The article also discusses the trends in cybersecurity, including the growing use of artificial intelligence (AI) and quantum computing. It suggests that 80% of enterprises will have incorporated AI by 2026, and that the U.S. has passed the Quantum Computing Cybersecurity Preparedness Act to protect against quantum-enabled cyberattacks. However, the article warns that poor cybersecurity habits, particularly among younger employees, remain a major issue. It concludes by predicting that 2024 will bring a potent mixture of both old and new cyber-threats, making it a particularly difficult year for those trying to protect their data and maintain global stability.
Key takeaways:
- Cyber threats are increasing exponentially, with the World Economic Forum ranking cybercrime and cybersecurity as one of the top ten global risks for the first time in 2023.
- Over 87% of businesses see cyber threats as the number one risk to their financial health, with the cost of cybercrime projected to rise from $3 trillion in 2015 to $10.5 trillion in 2025.
- Investments in cybersecurity are expected to reach $215B in 2024, with organizations increasing their spending levels by 70% from 2019 to 2023.
- Artificial Intelligence (AI) is becoming a major trend in cybersecurity, with 80% of enterprises expected to have incorporated AI by 2026. However, the future is not just AI, but also Quantum, with the US passing the Quantum Computing Cybersecurity Preparedness Act in December 2022.