Cybersecurity Considerations 2024

Company managers are currently faced with many issues and challenges. For example, they need to develop strategies to ensure sustainable growth and have ideas on how to compete for the best talent. And for some time now, the topic of artificial intelligence has also been on the agenda of many top managers. The technology is now being used in many companies and offers enormous efficiency benefits, while at the same time harboring security risks and raising ethical questions.

In our study "Cybersecurity Considerations 2024", we look at how the role of the Chief Information Security Officer (CISO) is changing in the face of increasing risks and tasks. They are increasingly being seen as a proactive partner in managing ongoing business requirements, rather than just being called upon to rescue the company in times of crisis.

In our study, we outline eight key considerations that CISOs should prioritize in 2024 to minimize the impact of cyber incidents and reduce the number of cyber attacks. The rise and ever-increasing use of artificial intelligence (AI) has undoubtedly opened up new ways to create value, but it has also exposed significant potential risks, creating major changes and challenges for security teams.

Artificial intelligence is undoubtedly capable of making processes more efficient. At the same time, ethical and regulatory aspects need to be taken into account. The CISO's task will be to bring all these aspects together and formulate framework conditions for the secure use of AI.

Consumers, employees and suppliers expect companies to grow and make profits. At the same time, however, companies are also expected to act in a socially responsible manner. Companies should take both to heart and strengthen the link between security, data protection and environmental, social and governance (ESG) factors.

Security is an integral part of every function in the organization, from the front office to the back office. Many executives are now realizing the importance of integrating cyber security into the various business processes. In this context, the CISO should define frameworks and offer support when it comes to how business processes should be adapted from a security perspective.

Companies should enter into strategic partnerships with suppliers, review them regularly and anticipate various risks. By creating risk profiles and regularly reviewing them, operational resilience can be strengthened.

Download the study now to find out more about how security officers in companies can prepare for different scenarios and what a holistic strategy can look like.