Our cyber security products span from our next gen SIEM used in the most secure government and critical infrastructure environments, to automated cyber risk reporting applications for commercial and government organisations of all sizes.
Sydney, Australia, 21 November 2023 – Huntsman Security today announced its cyber security predictions for 2024, including organisations’ move to data-driven cyber security and the challenges posed by AI. The company considers why operational resilience will top the agenda in many more boardrooms, and how businesses will need to respond to these changing governance guidelines.
Cyber security will become ‘data-driven’
Cyber security resilience can sometimes be overlooked during digital transformation processes. This will change in 2024, as a greater awareness of the need for operational resilience will require directors to more comprehensively report the adequacy of their operational governance processes to regulators. As a consequence, data-driven security information systems better suited to volatile threat environments, will rise in popularity. In the next 12 months directors will recognise the ability of digital cyber management techniques to provide more reliable information, more quickly, to guide their security decisions.
AI poses as many risks as it does benefits
The almost unparalleled adoption of AI marked one of the biggest tech trends in 2023. But as the popularity of the technology grows, so too will the potential for it to be used for other purposes. In 2024 we can expect threat actors to train malicious AI engines and build code to complement their nefarious intent. Organisations will need to adapt to defend against the added threat of AI-enabled adversaries. Reviewing cyber governance policies and controls, and assessing their adequacy, will be critical to avoid falling victim to these AI-enhanced attacks.
Operational resilience will become a boardroom mantra in 2024
Operational resilience requirements in the finance sector are becoming increasingly similar across governments, and we expect these requirements will quickly broaden to other critical infrastructure sectors. Regulators are already reinforcing cyber security as a business issue; and cyber, like other types of operational risks, which can sit outside the immediate control of an organisation, will become a specific element of expanded operational governance requirements.
In turn, this will mean that while organisational leadership can certainly delegate these specialist tasks, they can no longer deflect responsibility for their effective operation and oversight. Directors will need to maintain a steady line of sight across operational risk governance, especially cyber security. Directors must identify the important business services they provide. They must ensure the adequate protection of the systems, processes, resources and 3rd parties that go together to deliver those services to customers. We expect to see a more top-down focus on cyber security.
New technologies will shift the demands for skills and help to alleviate the cyber security skills shortage
Skill shortages in cyber security have frustrated many organisations’ security efforts for a number of years. However, a growing shift to digital innovation and automation in security processes themselves should provide some relief. The adoption of data-driven solutions and automated, evidence-based reporting should allow less skilled technicians to enter the market – effectively interpreting, responding to and managing large parts of the cyber security process. This will, in turn, enable existing security professionals to address more pressing needs, attending to the outliers – such as exceptional data and high-level analytical problems – that we will always face.
Huntsman Security has published a full whitepaper that includes more detail on the four predictions above. The paper, complete with other predictions, can be downloaded, here.
About Huntsman Security
Since 1999, Huntsman Security has been on the cutting edge of cyber security software development, serving some of the most sensitive and secure intelligence, defence and criminal justice environments in the world. With offices in Australia and the UK, and operations in Japan, we deliver risk management, monitoring and response technology through utilising machine learning and high speed in stream processing to collect and contextualise security data in real time. Our most sought-after products, used by government departments and commercial organisations worldwide, include:
Huntsman Security Media Contact:
Spark Communications +44 (0) 20 7436 0420 firstname.lastname@example.org
Read the Huntsman Security insights into the Australian Prudential Regulation Authority (APRA) Cyber Audit findings, from a UK perspective in Financial IT – Applying an Australian Regulator’s Cyber Audit Findings, in a UK Context. Based on the insights of Piers Wilson, Head of Product Management at Huntsman Security, the article looks at the audit findings, […]Read more
Read Fear is the mind-killer: Governance key to safety in the cyber dunes a recent opinion piece on ComputerWeekly.com. The article, quoting Huntsman Security CEO, Peter Woollacott, examines the intelligence gained from cyber insurance, risk management frameworks, and the connections into cyber security and operational resilience. Click here to read the article.Read more
Sydney, Australia, 07 December 2022 Huntsman Security today announced its cyber security predictions for 2023, including the importance of cyber security posture, systematic risk management and the expected changes driven by the insurance industry. In addition, the company outlines why cyber security guidelines are likely to become more global, and why the industry needs to evolve […]Read more
The number of organizations that will be either unable to afford cyber insurance, be declined cover, or experience significant coverage limitations is set to double in 2023, according to Huntsman Security. Watch Help Net Security video here.Read more
A “perfect storm” of surging threats, economic headwinds and evolving regulations will see many organizations miss out on cyber-insurance in 2023, experts have warned. Read the Infosecurity article here.Read more
Organisations face perfect storm of evolving cyber security and compliance regulations and increased threats across the globe. Read the TEISS article here.Read more
Organisations looking to shore up their security postures face more and more barriers to obtaining cyber insurance. Read the Computer Weekly article here.Read more
Copyright © 2021MarketsandMarkets™ In a recent market-wide assessment by Analyst firm MarketsandMarkets (M&M), Huntsman Security was identified as one of the leading pervasive solutions in the security analytics space, reflecting its longevity and strength. “Pervasive players are established vendors with very strong business strategies.” M&M explain. As opposed to the product vendors who offer solutions […]Read more
SmartCheck for Ransomware is listed as one of the most interesting products released in the past month. Read MoreRead more
Automated Application’s Security Safeguards Align with NCSC and NIST Guidelines London, United Kingdom, 10 NOVEMBER 2021 Huntsman Security today announced the launch of SmartCheck for Ransomware – an automated, on-demand diagnostic application designed to assess the risk of a ransomware event. The application automatically gathers data directly from ongoing security operations to report an organisation’s […]Read more
Read by directors, executives, and security professionals globally, operating in the most complex of security environments.