The Gartner Security & Risk Management Summit, June 20-21 in Sydney, Australia, delivered sobering revelations about the future of cybersecurity — with the aim of helping security and risk management leaders succeed in the digital era.
Executive performance evaluations will be increasingly linked to ability to manage cyber risk; almost one-third of nations will regulate ransomware response within the next three years; and security platform consolidation will help organizations thrive in hostile environments.
In the opening keynote at the Gartner Security & Risk Management Summit in Sydney, Richard Addiscott, Senior Director Analyst said: “We can’t fall into old habits and try to treat everything the same as we did in the past. Most security and risk leaders now recognize that major disruption is only one crisis away. We can’t control it, but we can evolve our thinking, our philosophy, our program and our architecture.”
Gartner recommends that cybersecurity leaders build the following strategic planning assumptions into their security strategies for the next two years.
Through 2023, government regulations requiring organizations to provide consumer privacy rights will cover 5 billion citizens and more than 70% of global GDP.
As of 2021, almost 3 billion individuals had access to consumer privacy rights across 50 countries, and privacy regulation continues to expand.
By 2025, 80% of enterprises will adopt a strategy to unify web, cloud services and private application access from a single vendor’s SSE platform.
With a hybrid workforce and data everywhere accessible by everything, vendors are offering an integrated security service edge (SSE) solution to deliver consistent and simple web, private access and SaaS application security.
60% of organizations will embrace Zero Trust approach as a starting point for security by 2025.
The term zero trust is now prevalent in security vendor marketing communications and in security guidance from governments.
By 2025, 60% of organizations will use cybersecurity risk as a primary determinant in conducting third-party transactions and business engagements.
Cyberattacks related to third parties are increasing. However, only 23% of security and risk leaders monitor third parties in real time for cybersecurity exposure. As a result of consumer concerns and interest from regulators, organizations will address cybersecurity risk as a significant determinant when conducting business with third parties, ranging from simple monitoring of a critical technology supplier to complex due diligence for mergers and acquisitions.
Through 2025, 30% of nation states will pass legislation that regulates ransomware payments, fines and negotiations, up from less than 1% in 2021.
Modern ransomware gangs now steal data as well as encrypt it. The decision to pay the ransom or not is a business-level decision, not a security one. Gartner recommends engaging a professional incident response team as well as law enforcement and any regulatory body before negotiating.
By 2025, threat actors will have weaponized operational technology environments successfully to cause human casualties.
Attacks on OT – hardware and software that monitors or controls equipment, assets and processes – have become more common and more disruptive. In operational environments, security and risk management leaders should be more concerned about real world hazards to humans and the environment, rather than information theft.
By 2025, 70% of CEOs will mandate a culture of organizational resilience to survive coinciding threats from cybercrime, severe weather events, civil unrest and political instabilities.
The COVID-19 pandemic has exposed the inability of traditional business continuity management planning to support the organization’s response to a large-scale disruption. With continued disruption likely, Gartner recommends that risk leaders recognize organizational resilience as a strategic imperative and build an organization-wide resilience strategy that also engages staff, stakeholders, customers and suppliers.
By 2026, 50% of C-level executives will have performance requirements related to risk built into their employment contracts
Most boards now regard cybersecurity as a business risk rather than solely a technical IT problem. As a result, we expect to see a shift in formal accountability for the treatment of cyber risks from the security leader to senior business leaders.