Cyber Security Nordic 2024: Key Takeaways
We recently had a privilege of attending Cyber Security Nordic 2024. Industry experts shared compelling presentations, highlighting the latest trends and challenges. We also had interesting discussions with colleagues from various companies about the state of industry.
A Rising Tide of Cyber Threats
Nixu, a DNV company, unveiled findings from their latest Threat Intelligence report. The global cyber threat landscape continues to escalate, with manufacturing and financial sectors emerging as primary targets. The manufacturing industry, in particular, has experienced a surge in attacks to record levels throughout 2024.
European organisations remain highly targeted, with geopolitical motivations driving increased hacktivist activity.
Fueling Cyber Security Investments
The cyber security investments are witnessing substantial budget growth, driven by three key factors:
Regulatory Compliance: The increasing regulatory burden, especially in Europe and the US, compels organisations to prioritise compliance efforts. The EU Cyber Resilience Act (CRA) exemplifies this trend.
Cyber Incident Response: The devastating impact of cyberattacks on business continuity and reputation is prompting organisations to invest in robust security measures.
Customer and Market Pressure: Customers are demanding higher security standards, and companies are recognizing the reputational risks associated with cyber breaches.
The Talent Gap and Technology's Double-Edged Sword
While cybersecurity budgets are on the rise, a significant challenge remains: the shortage of skilled professionals. This talent gap hinders organisations' ability to effectively implement and manage security solutions.
Despite the inherent risks, emerging technologies such as advanced data analytics, AI, and IoT are poised to revolutionise industries. These technologies offer immense potential for growth, but they also introduce new security challenges.
Test of Things: Empowering Secure IoT
At Test of Things, we're committed to empowering organisations of all sizes to develop and deliver secure IoT devices that meet stringent regulatory requirements. By leveraging our expertise, you can navigate the complex cyber landscape and capitalise on the benefits of IoT with confidence. Contact us for a discovery call on how to automate your IoT security assessment.
