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Nov 21, 2023

Regulations, Quantum Computing and AI – Cyber Changes Ahead for Organizations in 2024

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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 is coming to a close and as the world continues to evolve, it is important to look ahead and try to anticipate what is to come. While we can never know for sure, this year’s activities and developments have alluded to some possible outcomes. In this blog post, I will share some of my thoughts on what we might see in 2024, based on my experience as the Group CTO at Armis.

Quantum Encryption gets BIG

Quantum encryption is likely to have a major impact on a wide range of industries, including finance, healthcare, and government. As quantum encryption becomes more widely available and affordable, we can expect to see it used to protect a growing range of sensitive data.

Quantum encryption is still in its early stages of development, but one of the key advantages of quantum encryption is that it is unbreakable by conventional computers. It is already used by some organizations to protect their most sensitive data. For example, the US government is using quantum encryption to protect its communications with its embassies and consulates around the world.

The long term fallout from this is the need for a focus on the security support around both the data and the infrastructure and assets involved. By providing visibility, monitoring, and insights, Armis is well placed to help organizations secure their quantum computing assets and protect them from a wide range of threats.

Further Attacks on Healthcare Organizations

Healthcare organizations continue to be prime targets of cyberattacks. This is because they hold a lot of valuable data, such as patient medical records and financial information. Cybercriminals are motivated to attack healthcare organizations for a variety of reasons, including financial gain, espionage, and the desire to simply cause disruption.

In recent years, we have seen a number of high-profile cyber attacks on healthcare organizations, including the ransomware attack on the National Health Service in the United Kingdom and the data breach at Anthem, a major US health insurance company. These attacks have had a significant impact on the healthcare industry, disrupting patient care and costing organizations millions of dollars.

Cross-industry vendors like Armis have the needed healthcare expertise to address these challenges. In 2023, we were pleased to see that the Healthcare IoT Security 2023 report confirmed our fast growth and ability to meet healthcare customer needs via our robust, easy-to-deploy cloud-based platform.

The Risk of a Major Critical Infrastructure Attack

Critical infrastructure, such as power grids, water and wastewater systems, transportation networks, and telecommunications networks, is a prime target for cyberattacks. Successful attacks can have a devastating impact on society. In recent years, we have seen a number of high-profile cyber attacks on critical infrastructure, including the attack on the Ukrainian power grid in 2015 and the attack on the Saudi Aramco oil facilities in 2019.

The risk of a successful cyberattack on critical infrastructure in the Western world is real. The provision of fundamental services, such as ensuring the safety of drinking water, hinges on the uninterrupted operation of utility companies.

With this in mind, Armis enables heavily regulated industries to maintain compliance, stay operationally safe, and avoid fines. Armis Centrix™ customers are able to see, protect, and manage their assets in real-time, empowering them to proactively monitor asset and environmental health, track updates to assets, and ensure devices are compliant with regulations and global baselines.

Armis Centrix™ also achieved “Authorized” status from the United States government’s Federal Risk and Authorization Management Program (FedRAMP). This achievement was a major accomplishment for our Public Sector team and greatly eases the adoption of our secure, agentless platform for federal agencies.

Asset Inventory Management Regulations – Continued

Asset inventory management is the process of identifying, tracking, and managing an organization’s assets. Asset inventory management is important for a number of reasons, including compliance with regulations, risk management, and financial management.

In recent years, there has been a growing trend towards increased regulation of asset inventory management. In 2023, the US Securities and Exchange Commission (SEC) proposed new rules that would require public companies to disclose more information about their cybersecurity risks and practices. One of the key requirements of the proposed rules is that companies must disclose their asset inventory management practices.

Federal and EU regulations regarding asset inventory management are likely to be enhanced in the coming years. This will require organizations to invest in new technologies and processes to manage their assets more effectively.

Looking ahead

These are just a few of the trends that I believe will dominate the technology industry in 2024. It’s important for organizations to be prepared and protect themselves by taking an asset centric approach to cybersecurity. At Armis we remain committed to staying ahead of the curve, ensuring our customers and partners are protected 24/7 and to helping keep the world’s leading organizations, governments and their people safe and sound.

2024 Cyber Predictions

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