invest in automated technologies to help lighten the workload of the security team . Investment will be buoyed by inflation stabilising and growth returning to the market . However , as roles become augmented by AI and automation , we can also expect to see remits change .
Jeremy Ventura , Director , Security Strategy and Field CISO at ThreatX
As we dive into 2024 , cybersecurity faces a shift . Businesses must brace for an uptick in AI-fuelled cyberthreats . In addition , fear is at an all-time high , with our latest research demonstrating a staggering 97 % of consumers predicting cyberattacks will get worse next year .
Businesses must brace for an uptick in AI-fuelled cyberthreats .
87 % of consumers are concerned about whether companies they do business with – from banks to retailers to healthcare providers – will keep their data safe in 2024 . Therefore , vendors across all industries must ensure 2024 cybersecurity investments and strategies factor in consumer concerns , which includes making sure the tools adopted meet the challenges of looming cyberattacks threatening sensitive information .
Use of AI technologies such as an ATS ( Application Tracking System ) and / or Recruitment Management System ( RMS ) is also now widely regarded as problematic because it creates a hidden workforce , exacerbating the skills shortage . These systems are used by 58 % of UK businesses , with more than 90 % of employers using their RMS to initially filter or rank potential middle-skills ( 94 %) and highskills ( 92 %) candidates , according to the Hidden Workers : Untapped Talent report from Harvard Business School .
Used to filter through CVs and applications , the technology has been criticised for excluding applicants that have been out of the workforce or unconventionally trained but strong candidates that don ’ t use key search terms . Candidates have tried to bait the system using whitefonting in the past because it ’ s viewed as such an obstacle . In 2024 , we ’ ll see a move away from this technology towards more intuitive forms of filtering using the natural language processing ( NLP ) associated with Generative AI . This will enable recruiters to put forward candidates that have the aptitude if not the qualifications needed for specific roles .
However , in 2024 , consumers hold a key role in protecting themselves . Consumers are already planning to up their personal security as 56 % plan to adopt different passwords for different accounts and 55 % will move to two-factor authentication . Vigilance starts with a critical eye on emails – scrutinising URLs , spotting misspellings and be aware of urgent tones . This also means resisting the lure of suspicious links and pop-ups .
As we step into the new year , businesses and consumers go hand in hand to protect themselves against cyberthreats by embracing these simple yet potent measures .
Cybersecurity budgets will increase due to skills shortages
Spend on cybersecurity will go up in 2024 as organisations seek to compete for talent and
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