In an increasingly digitized and connected world, the challenges facing companies continue to grow, especially in relation to them cyber security. As organizations identify new needs, they are also evaluating which security measures and strategic actions meet their requirements, but there is still a long way to go.
With the arrival of 2024, experts point to the immediate need for adaptation and innovation on the part of companies that intend to consolidate safely by adopting new technological solutions, in line with market forecasts.
To contribute to this progress, Palo Alto Networks put together three predictions that will significantly shape the corporate environment this year. “We’re entering an era where agility and preparation for technological change will be fundamental pillars for companies to achieve the much-desired corporate success,” he says. Dario Opezzoregional sales manager for Palo Alto Networks in Argentina.
- Regulatory authorities’ resources will be under pressure
The increasing level of complexity of the regulatory environment puts regulators under pressure, especially in the face of the rapid development of the business ecosystem and technological innovation. These dynamics highlight the urgent need for regulators to update and adapt to ensure the continued effectiveness of their guidelines and promote a safer and fairer business environment.
Argentina has Law 26,388 on Cybercrime and Cybersecurity, which incorporates and classifies cybercrimes in the Argentine Penal Code in order to regulate new technologies as means of committing crimes. This includes, but is not limited to, fraud and computer sabotage, the insertion of false data and the disclosure of information recorded in a personal data bank.
- Councils are tackling cyber security
The increasing complexity, professionalism, consistency of incidents and the operating models of criminals require the inclusion of cyber security in the government agenda. According to the Global Cybersecurity Outlook 2023, 86% of world leaders share this concern, and cybersecurity experts (93%) predict that the next trenches will be virtual, including attempts to disrupt critical services. According to data from Cybersecurity Ventures, the global cost of cybercrime is expected to reach $10.5 trillion annually by 2025, surpassing the damage caused by natural disasters and even the combined benefits of the global large-scale illegal drug trade.
Faced with this difficult landscape, cyber security has become a strategic priority for corporate committees. Aware of the growing sophistication of digital threats, the Board is taking a proactive role in formulating robust security policies and procedures. This paradigm shift highlights that cyber security is no longer just a technical matter, but has become a truly critical consideration at the highest levels of corporate leadership.
- Organizations are beginning to assess the readiness of their infrastructures for quantum computing
As advances in quantum computing continue, organizations are beginning to assess their infrastructure to prepare for the quantum era. Growing awareness of the potential impact of quantum computing on security and cryptographic strategies motivates organizations to anticipate the necessary changes in their infrastructures. This forecast highlights the importance of a proactive approach to ensure that companies are prepared for the challenges and opportunities that quantum computing will bring.
“Quantum computing projects are currently underway globally in various sectors as organizations try to prepare for the day when this technology can help them solve complex problems that classical computing alone cannot,” notes Opezzo.
A recent Forrester study predicts that quantum computers will be able to break all current crypto-systems within the next 5 to 30 years, with most stating that there is a 50% to 70% chance of this happening within the next five years. This alarming prediction underscores the urgency of implementing important changes in enterprise cybersecurity architecture and infrastructure.
“The potential of this technology is such that we will have to rewrite everything we know so far in cyber security and learn all over again. Without a doubt, this represents a huge and new challenge,” concluded Opezzo.
