Cybersecurity will be one of the top investment areas for corporates in 2023 as companies look to battle cyber threats effectively. With that said, CISOs need to set some cybersecurity priorities for 2023.
Incident response, endpoint security, and identity and access management are vital cybersecurity concerns for CISOs in 2023. These security essentials are gaining prominence as organizations balance technology and advanced tools to grow, which is the main reason for newer security risks.
Close behind these issues are other rising cybersecurity priorities that CISOs need to watch for. Here are the top 2023 cybersecurity priorities to build a security plan to mitigate risks effectively.
CISOs Will Adopt Human Centric Design to Reduce Cybersecurity Operational Friction
Enterprises will focus on implementing zero-trust programs to drive data-driven decision-making with more specific safeguards like zero-trust programs and associated security measures as the third-party data sources diminish.
CISOs must be laser-focused on possible vulnerabilities in first-data resources and ensure their data networks are secure. They need a human-centric design that helps reduce data challenges and scan the horizon to monitor probabilities that might impact their security programs.
The human-centric design checks for threats and locations and helps control and minimize friction or impact from threats. The report, Gartner Unveils Top Eight Cybersecurity Predictions for 2023-2024, mentions that 50% of CISOs will adopt human-centric design practices into their cybersecurity programs to minimize operational friction and maximize control adoption by 2027.
Also Read: Strategies to Mitigate Business Email Compromise Threats and Risks
CISOs need to Accelerate Recovery Time, Reduce the Impact of Incidents & Aim for Robust Security Plans
Advanced technologies pose new privacy and security challenges and raise questions about trust in digital systems. CISOs need to innovate and use better, more robust security solutions to survive in this new risky environment.
They will need to identify solutions that focus more on reducing the impact of incidents and ensure their security unearths implicit threats before it exposes the business to breaches.
To implement robust security plans, leaders will need to explore critical opportunities to meet the challenges and ensure better security, thus upholding trust in all digital systems.
CISOs Will Prioritize Audits for Cybersecurity Network
Until now, enterprises audited their cybersecurity network for shorter durations and mostly missed details or failed to set a viable strategy for boosting cybersecurity solutions. Till a few years ago, cybersecurity audits only covered essential areas, such as antivirus software and encryption, leaving aside sophisticated threats like zero-day exploits or social engineering attacks. But that oversight won’t work anymore.
Today, it is essential for organizations to think beyond basic security measures and conduct a thorough check for potential vulnerabilities. CISOs will now take the audit process more seriously as the threat landscape has grown severe and impacts are dreadful. They will conduct audits to identify all existing and probable threats, add robust network monitoring practices, and determine how security measures will remain updated according to industrial and security standards. Moreover, CISOs will uncover new cybersecurity steps for their business needs to protect sensitive data, and new investments in cyber technology might be necessary.
CISOs will Leverage Modern Privacy Regulations as a Competitive Advantage
Enterprises will successfully leverage current privacy regulations and will weapon them for safeguarding business and customer data. Gartner, in its report Gartner Unveils Top Eight Cybersecurity Predictions for 2023-2024, mentions that by 2024, current privacy regulations will cover the majority of consumer data security solutions.
Organizations now recognize that privacy programs allow teams to use data broadly and freely due to the rising prominence of first-party data that will differentiate them from competitors. By adopting this approach, organizations will build more trust with customers, investors, partners, and security regulators. Data privacy will become a vital part of businesses, and securing them from all potential breaches will be one of the top considerations and focus of CISOs in the future.
CISOs Will Take Preventive Measures for Advanced Email-based Threats
Emails are the most frequent ways and platforms for threat actors to attack and enter business infrastructure. Many workers fall prey to fraudulent emails, alerting security leaders to invest in solutions for email-based threats like phishing attacks and business email compromises. Due to the increasing number of these attacks, leaders must prioritize advanced email-based threat protection solutions at scale.
CISOs will Modify IT Infrastructure, Embedding Visibility Up by 41%
Gartner’s report Gartner Unveils Top Eight Cybersecurity Predictions for 2023-2024, mentions that by 2027, 75% of organizations will acquire and modify IT infrastructure and add visibility by 41% more from 2022. The responsibilities of CISOs are shifting from detecting risks to taking the right risk decision as security facilitators. Reframing the cybersecurity operating model is critical to advancing cybersecurity solutions as technology updates its versions. And when cybersecurity models are reframed, leaders will need to invest in models that provide transparent analytics and accurate visibility of security performance.
The integrity and security of IT systems are critical to business operations, significantly when dependency on IT is rising, and the use of the internet-of-things grows. The reliance on IT will increase, which may encourage cybersecurity solutions to collaborate more with departments to build robust IT infrastructure and a secure environment.
CISOs will Ensure More Security of Cloud-based Infrastructure and Applications
CISOs will need to implement necessary and robust security solutions for the fast-changing cloud environment and applications going forward. Cloud security is essential as enterprises increasingly leverage cloud technology for their digital transformation journey. Threat actors are easily able to find vulnerabilities in the cloud environment. Securing all networks and digital business assets from severe threat attacks will be vital with the growth of remote and hybrid workplaces. So, ensuring the security of the cloud and all associated applications is another significant priority for 2023.
Also Read: Biggest Cybersecurity Threats for Modern Enterprises in 2023
CSCOs’ Focus on Cybersecurity On Digital Supply Chain
CISO’s focus on cybersecurity will double for the digital supply chain. Many business leaders are more concerned about digital chain vulnerabilities, with concerns rising even from regulations and customers, which will need a deeper analysis of cyber-resilience policies for the digital supply chain.
CISOs will need to shift their third-party risk assessments to first-party security assessments as a part of a cybersecurity program. As risk assessment across the business associated with the supply chain will increase, the standards of digital supply chain security plans should specify the following things:
- Up-to-date first-party cybersecurity standards
- Mechanisms for enforcing digital supply chain standards
- Building an audit program to implement the supply chain cybersecurity program
A supply chain cybersecurity program will play a decisive role in the future, including buying decisions and third-party risk mitigation to first-party resources. In addition, frequent audit data of supply chain cybersecurity programs will be key performance indicators.
Zero trust and threat intelligence are also vital areas in cybersecurity, yet they are still far from the list of priorities. Due to the sluggish adoption of zero-trust technologies, the security perspective of it is still a concept. However, the security priorities mentioned above are top listed, which will see a more profound impact as businesses will feel obligated to to imply all at pace.
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