October 11, 2023 at 10:08AM
Global cyberattacks have risen by 38% in 2022, as reported by Check Point. The cost of a data breach is also increasing, averaging $9.44 million in the US and $4.25 million globally in 2022. To combat this, the National Institute of Standards and Technology (NIST) has updated its Cybersecurity Framework (CSF), emphasizing continuous and quantitative risk assessment, continuous improvement, supply chain risk management, and enhanced implementation examples. CISOs should focus on these principles to secure their organizations and reduce cybersecurity risk in 2024.
Key Takeaways from Meeting Notes:
1. Global cyberattacks have risen by 38% in 2022, making cybersecurity a top concern for organizations in 2024.
2. The National Institute of Standards and Technology (NIST) has released an update to its Cybersecurity Framework (CSF) to help mitigate the cost and frequency of cyberattacks.
3. Continuous risk assessment is crucial for improving cybersecurity posture, and automation and AI-based tools are recommended to keep up with the evolving threat landscape.
4. Creating a culture of continuous improvement is essential, as cybersecurity requires constant adaptation and improvement.
5. Supply chain risk management is a critical focus area, as attacks on the supply chain are increasing. Precision and accuracy in risk management are necessary to protect against incoming attacks.
6. The updated NIST framework includes additional implementation examples to provide practical guidance for organizations to enhance their cybersecurity measures.
7. Automated and AI-powered tools that offer a comprehensive view of cybersecurity will be crucial in navigating the complex cyber threat landscape.