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Dec 14, 2023

Reflecting on 2023, A Year in Review

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This blog is part of the 2024 Cyber Predictions blog series where Armis Experts share their thoughts on trends and technologies shaping the future of cybersecurity.
Check out all our 2024 predictive blogs →

 

2023 has been a transformative year, both for Armis and the cybersecurity industry as a whole.

At Armis, as the attack surface continues to evolve, we advance our offering by innovating our solutions to provide our customers with new features and capabilities that address the latest threats and risks that organizations face. We are leveraging AI-driven intelligence and automation to enable organizations to accurately and efficiently speed decision making and proactive defense across their attack surface. Our delivery platform, Armis Centrix™  got a brand make-over with a new name and feature expansions across its four solutions: Asset Management and Security, OT/IoT Security, Medical Device Security and Vulnerability, Prioritization and Remediation.

It is, with these advances, that Armis has seen significant customer growth across verticals and across the regions. We support and partner with the largest Fortune 100, 200 and 500 enterprises in the world including some of the largest airlines and airports, financial service organizations, manufacturers and hospitals, as well as federal, state and local governments in the U.S and internationally. In fact over 50% of our customers across the globe use two or more solutions in the Armis portfolio, with over 15% adopting three or more solutions in the past year and this continues to increase each year.

We consistently win and grow Armis’ portfolio and capabilities to become the critical technology that powers cybersecurity decision making in some of the biggest and most secure companies in the world. Customers may have a specific challenge to address when first engaging with  Armis,  yet they quickly expand their use of Armis Centrix™ to address other issues.

I am very proud that Armis as a company, our people and our technology won multiple awards for innovation this year and Fast Company’s World’s Most Innovative Company in the security category for 2023.  We gained analyst and industry recognition across the board as the leaders in Connected Medical Device Security, OT Security and Vulnerability Management. We were recognized in 5 Gartner Hype Cycles this year. I am also incredibly honored to have been named by Ernst & Young LLP (EY US) as an Entrepreneur Of The Year® 2023 Bay Area Award winner as well as Top Chief Executive Officer in the 2023 Global InfoSec Awards.

As we near the end of the year, I wanted to reflect beyond Armis on the dynamic landscape of cybersecurity, its triumphs and challenges as well as advancements in technology which have brought new opportunities. Inevitably, the dynamic nature of cybersecurity and the evolving attack surface has affected the growing complexity of managing new attack vectors and newly discovered vulnerabilities. Armis stands on a steadfast goal of comprehensively eliminating unacceptable exposure wherever it is found as bad actors continue to leverage new methods of attack pathways.

AI-powered technology becomes mainstream

One of the standout trends of this year is of course the increased mainstream integration of AI . As cyber threats become more sophisticated, AI-powered solutions play a crucial role in enhancing threat detection and response capabilities. Machine learning algorithms, deployed the right way, are capable of analyzing vast datasets in real-time. It is helping organizations stay one step ahead of evolving and sophisticated cyber threats.

Armis has the largest AI-powered Asset Intelligence Engine in the world and we have strategically embedded AI into everything we do. We continue to monitor billions of assets worldwide to identify risks and behaviors that could pose threats to organizations. We partner with other security vendors and work together to eliminate traditional security silos that have caused countless blind spots and risks within organizations.

Cyber threats, vulnerabilities, ransomware attacks, phishing, and social engineering on the rise

While the security community has made strides in bolstering their cybersecurity posture, vulnerabilities, threats and attacks continue to increase. Cybercriminals, leverage advanced techniques and often backed by nation-states or terror organizations, are increasingly targeting critical infrastructure, healthcare institutions, and businesses of all sizes. The year saw a continued increase in critical infrastructure attacks as well as high-profile outages such as MGM, Clorox and a series of hospital networks. Each of these incidents leveraged a combination of social engineering, spear-phishing and ransomware in a single attack and showcase the damage that can be done if exposed. Moreover, a single weak point in an environment is all that was required. Once in, that attacker can laterally move through the network(s) at will. Armis continues to play a key role in securing against the rising threat of cyberwarfare on critical infrastructure, business and society overall.

There has been a greater collaboration this year between the public and private sectors, as well as international organizations, who have shared threat intelligence and best practices to collectively strengthen global cybersecurity defenses. And we see this amplified through executive orders and updates to security frameworks.  This past year underscored the importance of a united front against cyber threats, transcending geopolitical boundaries.

Regulatory landscape is changing and organizations will need to adapt fast

Governments worldwide responded to the escalating cyber threats by introducing and updating cybersecurity regulations. Newer and stricter compliance requirements aimed at codifying standards for organizations align with in order to   address and safeguard the changing threat landscape, emphasizing the importance of proactive cybersecurity measures. Next year will be a very critical time for many organizations grabbling with NIST, MITRE ATT&CK, NYSDFS, DORA etc.

Cybersecurity skills gap widened by AI-driven solutions

As cyber threats become more sophisticated, the shortage of skilled cybersecurity professionals has also become even more apparent. The industry has struggled to fill key roles, leading to an increased reliance on automation and/or having to assume a certain amount of risk because of these unfilled roles. Addressing the cybersecurity skills gap emerged as a priority, with educational institutions, businesses, and governments working collaboratively to develop initiatives aimed at nurturing the next generation of cybersecurity experts.

The challenges faced during this year will undoubtedly continue to shape the future of cybersecurity and the advancements that are constantly being made.

Looking ahead, organizations must continue to remain vigilant, adaptive and collaborative to stay ahead of the ever-evolving threat landscape and I am very proud of the role that our team at Armis plays in that.

2024 Cyber Predictions

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