2024 Outlook on Navigating the Cybersecurity Landscape

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apidly increasing occurrences of Cybercrime are impacting society and organizations in detrimental and costly ways, and are further intensified by an alarming shift towards physical harm as malware spreads from IT to OT (Operational Technology). This is accelerating the ever increasing responsibility on CEOs to ensure systems (including asset-centric cyber-physical ) and teams are in place to handle the appropriate management.

Organizations contracting to government in criticaI infrastructure sectors such as energy, water, healthcare, food and agriculture, will soon be required to meet even more stringent Cybersecurity compliance requirements than ever before. Australia's commitment to the International Counter Ransomware Initiative (CRI) in late 2023 is a signal of this changing landscape.

The impact on business today is already significant. IBM reports the 2023 global average cost of a data breach at USD 4.45 million, a 15% increase over 3 years. The Australian Cyber Security Centre’s Annual Cyber Threat Report indicates the average cost per cybercrime reported in 2021-2022 exceeded AUD9,000 for small businesses, AUD88,000 for medium-sized companies, and AUD62,000 for large enterprises. There were 76,000 reports of cybercrime in Australia, an increase of 13% over the previous 12 month period.

Gartner predicts that by 2025:

  • 25% of Cybersecurity leaders will pursue different roles entirely due to workplace stress
  • lack of talent or human failure will be responsible for over half of significant cyber incidents, and
  • cyber attackers will be able to use operational environments as weapons successfully enough to cause human casualties.

Harvard Business Review reports that human error is the biggest cybersecurity threat accounting for 80% of incidents. CEOs need to make 2024 the year to foster responsibility for Cybersecurity in their staff and build and improve a safety culture.

Internal education is key to equipping any organization for growth and success. To further support organizations to combat cybercrime, in collaboration with subject matter experts, HowToo has developed a collection of Ready-to-Go eLearning Modules addressing Cyber Security. These modules can be custom branded and delivered instantly to employees. The modules are FREE to subscribers of HowToo Teams and Pro with up to 20 active learners per month.

  • Cyber Security
  • Cyber Security: Password Awareness
  • Cyber Security: Don't Get Phished
  • Cyber Security: Storage and Retention
  • Cyber Security: Social Media
  • Cyber Security: Online Shopping
  • Cyber Security: Small Business
  • Cyber Security: Credit Report
  • Cyber Security: Proving Your Identity
  • Cyber Security: Data Breaches
  • Cyber Security: Cryptocurrency

Intelligent pre-built templates based upon learning science can also be used to quickly and easily develop effective custom eLearning content.

Book a personalized demo of HowToo's Ready-to-Go Cybersecurity modules and learn more about how HowToo can support your organization's growth.

Posted 
Jan 15, 2024
 in 
Compliance
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