As the scale of emerging technology risks facing companies continue to multiply, IT auditors play a key role in identifying these threats and helping their organizations to navigate them. A new survey conducted by Protiviti and The Institute of Internal Auditors (IIA) reveals which risks are keeping IT auditors up at night.
Read MoreFour common myths obscure the full value of cybersecurity for the enterprise and inhibit security program effectiveness. According to Gartner, Inc. CISOs must embrace a “Minimum Effective” mindset to maximize cybersecurity’s impact on the business. Many CISOs are burnt out and feel they have little control over their stressors or work-life balance. Cybersecurity leaders and their teams are putting in the maximum effort, but it’s not having maximum impact.
Read MoreOrganizations have been migrating to the cloud to help them achieve business goals of growing revenue, improving customer experience, and increasing operational efficiency. A recent study found that 73% of them see the cloud as the most important technology to achieve business priorities, among other technologies including Big Data Analytics, IoT, Collaboration & Conferencing, and AI/ ML.
Read MoreLegal and compliance leaders should address their organization’s exposure to six specific ChatGPT risks, and what guardrails to establish to ensure responsible enterprise use of generative AI tools. LLM tools are prone to several risks, meaning legal and compliance leaders should assess if these issues present a material risk to their enterprise and what controls are needed, both within the enterprise and extended third and nth parties to avoid legal, reputational, and financial consequences.”
Read MoreWith the impacts of COVID-19 on cybersecurity spending budgets behind industrial sectors, worldwide investments in Critical Infrastructure (CI) cybersecurity will display robust growth rates in all sectors. The global cybersecurity market was estimated at US$213 billion in 2022 and is projected to be more than US$380 billion by 2027.
Read MoreWith advancing 5G roll-outs, the opportunity for software and service-based security is emerging quickly due to the need to secure virtualized and cloud-based assets at the edge of the Radio Access Networks (RAN) and in the core. ABI Research expects a diverse multi-vendor cybersecurity market to leverage and adapt the best digital security technologies to the 5G ecosystem, creating a rich and innovative market to protect all aspects of 5G networks.
Read MoreWorldwide spending on security solutions and services is forecast to be $219 billion in 2023, an increase of 12.1% compared to 2022, according to the new Worldwide Security Spending Guide from International Data Corporation (IDC). Investments in hardware, software, and services related to cybersecurity are expected to reach nearly $300 billion in 2026, driven by the ongoing threat of cyberattacks, the demands of providing a secure hybrid work environment, and the need to meet data privacy and governance requirements.
Read MoreDespite facing an increasingly volatile semiconductor industry plagued by ongoing macroeconomic and political issues, the secure microcontroller (MCU) market should fare well in the long term. While the forecasted total available market has contracted, especially in the smart home, retail, advertising, and supply chain spaces, secure MCU shipments will only be temporarily adversely affected. According to a new global technology intelligence firm ABI Research report, the secure microcontrollers market will grow to US$2.2 billion by 2026.
Read MoreCyberthreats and IT governance are top risk areas for internal auditors to address in their audit plans for 2023, according to Gartner, Inc. The Gartner 2023 Audit Plan Hot Spots Report identifies the top 12 risk focus areas for Chief Audit Executives (CAEs) to help them identify risks to their organizations and plan audit coverage for the coming year.
Read MoreThree factors influencing growth in security spending are the increase in remote and hybrid work, the transition from virtual private networks (VPNs) to zero trust network access (ZTNA) and the shift to cloud-based delivery models, according to Gartner, Inc.
Read MoreSecurity and risk management (SRM) leaders now invest significantly more effort into evaluating and influencing the cyberhealth of external parties. Employees are making more decisions with cyber risk implications, and executive committees being established outside the scope of the cybersecurity leader.
Read MoreAccording to ABI Research, the worldwide shipments of smart Government ID credentials is set to rise from 500.1 million in 2020 to 554 million in 2021, with the chipset shortage taking hold in 2022. While the passport market will take a few years to recover to pre-COVID levels, likely not until 2024, the overall market will see an upturn after the woes of 2020.
Read MoreAs information technology (IT) and operational technology (OT) converge, enterprises must decide how they will reconcile the vast differences in IT and OT security. Unlike the IT networks they connect with, OT networks are highly vulnerable to cyberattacks. The IT/OT industry is addressing this issue by implementing purpose-built, integrated security solutions that can natively onboard connections from both ends.
Read MoreAnalysts discuss the need to treat cybersecurity as a business decision at the Gartner Security & Risk Management Summit. Eighty-eight percent of Boards of Directors (BoDs) view cybersecurity as a business risk, as opposed to a technology risk. However, only 12% of BoDs have a dedicated board-level cybersecurity committee.
Read MoreAttacks on OT – hardware and software that monitors or controls equipment, assets and processes – have become more common. By 2025, cyber attackers will have weaponized operational technology (OT) environments to successfully harm or kill humans, according to Gartner, Inc.
Read MoreWhile corporate and consumer businesses remain popular marks for cyberattacks, critical infrastructure facilities have become increasingly viable threat targets. They are highly vulnerable to major operational disruptions. Despite critical infrastructure organizations remaining far behind where they should be in cyber maturity, the cybersecurity market is estimated to reach $24.22 billion by 2030.
Read MoreCybersecurity for commercial and public sectors is estimated to reach $68.01 billion by 2030, driven by the ongoing threat of cyberattacks and government rules concerning privacy policies and data protection. The surge in digital infrastructures, mobile users, and wireless network usage is compelling organizations across sectors to embrace security convergence.
Read MoreSecurity spending in critical infrastructure has been little impacted by the Covid-19 pandemic, save for some reshuffling on where that spend is most needed. The effect has been mostly in increased demand for secure remote connectivity.
Read MoreThe growing volume and complexities of cyber threats present a compelling case for adopting threat intelligence platforms (TIPs). These solutions help organizations navigate the ever-increasing threat landscape and allow for further analysis and operationalization of threat intelligence. The TIP market is one of the cybersecurity markets that will be least affected in 2020.
Read MoreIn the ongoing push for more secure internet of things (IoT) devices and applications, the hardware choices for embedded security are growing dynamically. Research from ABI research forecasts that shipments for secure hardware serving digital authentication and embedded security will double that of 2019, reaching $5.3 billion by 2024.
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