Global Scans · Cybersecurity · Weekly Summary

• [New] To assist with hardening the U.S. economy and infrastructure against cyberattacks and the malicious use of AI, the White House included $13 billion for cybersecurity in its 2025 fiscal plan. JD Supra
• [New] Another perception gap surfaced: While businesses say privacy and security are big concerns for 2024, just 64% are currently using AI to manage fraud or reduce risk. Forbes
• [New] Despite the lack of confidence, IT pros do see the potential in using AI tools to strengthen their security posture: over half said they would be deploying AI-powered cybersecurity tools in 2024, and 63% believe it could improve threat detection and response. TechRadar pro
• [New] The European Commission has previously said that there is heightened potential for misuse of UAS and cited examples such as breach of privacy rules, espionage, hijacking of telecommunications signals and mass disruption via the carriage of biological or chemical agents. Unmanned airspace
• [New] With exponential cyber threats, along with the increasing digitalization and connectivity of its products and systems, cybersecurity is a pivotal component of Airbus' development. Airbus
• [New] Lawmakers in some states like California have proposed their own health care AI legislation, which could lead to a clash between State and federal regulations, as has happened with privacy regulation. National Law Review
• With the increasing sophistication of cyber threats and the ever-evolving landscape of privacy regulations, safeguarding sensitive information has become more critical than ever, especially when it comes to core systems like IBM Mainframe. Security Boulevard
• Federal cybersecurity regulators have had a busy start to 2024 and set in motion a number of new proposed rules and cybersecurity standards that, if implemented, will redefine the landscape for federal cybersecurity regulations in the years ahead. Inside Privacy
• The U.S. Department of Energy announced US$ 15 million in funding to establish six university-based electric power cybersecurity centers that will foster collaborations across the energy sector to address gaps in energy security research and provide cybersecurity education programs. Industrial Cyber
• Echoing the definition of a network operator under the CSL, under the Reporting Measures, any network operator that develops and operates networks or provides services through networks within China must report any incident that endangers cybersecurity. Passle
• In 2024, the persistent risk associated with remote workforces remains a top concern, compelling organizations to rethink their cybersecurity strategies to protect against sophisticated cyber threats in a decentralized work environment. Security Boulevard
• In 2024 we will see data breaches and cyber-attacks significantly increase and as a result so too will the need for high-level cybersecurity professionals to protect systems and networks, as organizations invest in protecting their digital infrastructure. TechFinancials
• With the proliferation of connected devices and the increasing sophistication of cyber threats, 2024 poses significant challenges in ensuring the security and privacy of digital assets. TechBullion
• Optimism around artificial intelligence, the ubiquity of cloud computing, and the necessity of cybersecurity measures are expected to drive technology spending in 2024. Spiceworks
• As the GCC cybersecurity industry continues to grow - with F & S estimating it to triple in value by 2030 to reach US$13.4bn - countries like the UAE and Saudi Arabia continue to reduce their dependence on oil exports and are instead opting for digital tools and technologies. BizClik Media Ltd.
• By 2028, the adoption of GenAI will collapse the skills gap, removing the need for specialized education from 50% of entry-level cybersecurity positions. MarketScreener
• By 2027, 30% of cybersecurity functions will revamp application security to be accessible to non-cyber experts and owned by application owners, reflecting the evolving landscape of application development and security requirements. InfotechLead
• By 2027, two-thirds of the world's largest organizations will extend directors and officers insurance to cybersecurity leaders, recognizing the personal legal exposure they face due to evolving laws and regulations. InfotechLead
• By 2028, GenAI adoption will close the cybersecurity skills gap, eliminating the need for specialized education in half of entry-level cybersecurity positions. InfotechLead
• CrowdStrike Falcon offers robust, user-friendly cybersecurity measures that are crucial for protecting digital assets and minimizing the risk of data breaches and cyberattacks. PeerSpot
• As electric vehicles continue to gain traction globally, stakeholders must prioritize cybersecurity measures to mitigate risks and build trust among consumers. EMobilityPlus
• Technology, encompassing areas like cybersecurity, cloud computing, and e-commerce, is another sector with immense potential for dealmaking growth in 2024. Dailynewsegypt

Last updated: 21 April 2024