Page 129 - Cyber Defense eMagazine March 2024

Cybersecurity Forecast

Navigating the Evolving Threat Landscape

By Jeff Krull, Cybersecurity Practice Leader, Baker Tilly

The cybersecurity landscape continues to present an ever-evolving battleground where emerging
technologies and innovative attack vectors redefine the norms of digital defense. In this dynamic
environment, organizations across the globe are bracing for another year that promises to stretch the
limits of their cybersecurity capabilities and strategies. The following predictions delve into the key trends
that will shape the cybersecurity domain, offering insights into the challenges and opportunities that lie
ahead.

Vendor Risk Management Will Intensify

As businesses increasingly adopt cloud services, the complexity of their vendor networks also grows
when vendors assist with key areas such as IT, software, security and operations. The
interconnectedness and vendor relationships introduce significant cyber risks, particularly from third-party
vendors. As we look at mature companies, the focus now extends to fourth-party vendors (meaning the
vendors of their vendors).

This year organizations will prioritize enhancing their risk management frameworks, focusing on rigorous
assessments and continuous monitoring of their extended supply chains. This proactive stance is crucial
to mitigate the risks of supply chain attacks, which have been on the rise, as attackers exploit weaker

Cyber Defense eMagazine – March 2024 Edition 129
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