Forbes October 23, 2024
In 2024, regulators around the globe introduced a myriad of proposed cybersecurity- and privacy-focused policies and legislation to better manage emerging risks relating to emerging technologies such as generative AI (genAI), as well as those related to managing third-party relationships. Security and risk leaders sprinted to secure genAI, even as its use cases were still evolving; almost every industry experienced critical IT disruptions due to lack of resilience planning; and despite downplaying third-party risks, organizations globally saw an increase in software supply chain breaches.
With cybercrime expected to cost $12 trillion in 2025, regulators will take a more active role in protecting consumer data while organizations pivot to adopt more proactive security measures to limit material impacts. This year’s cybersecurity,...