Summary of Key Points.
Experts agree that “cybercrime” as we understand it today originated in the 1980s.
Cybercrime has increased 300% since March 2020, with nearly 4.7 million instances reported in the USA in 2020 (compared with roughly 1.5 million in 2010)..
Automation is becoming increasingly important in cybersecurity.
Automated security processes can help reduce the time it takes to detect and respond to threats and improve the accuracy of threat detection.
Automation can also reduce the reliance on manual processes, which can be time-consuming and prone to human error..
On July 26, 2023, the Securities and Exchange Commission (SEC) announced changes to registrants' reporting requirements in Forms 8-K and 10-K which now require registrants to disclose material "cybersecurity incidents" and annually disclose information about registrants' cybersecurity risk management procedures and Oct 9, 2023.
In 2023, one of the cybersecurity trends is expected to be the increased focus on users as an attack surface.
Cyber attackers will continue to target an organization's user base by using tactics like phishing, social engineering, and other methods to gain unauthorized access..
The increasing patchwork of privacy and cybersecurity statutes, rules, and regulations on the state and federal level will likely result in further compliance costs to entities.
On June 21, 2022, U.S.
President Joe Biden signed two cybersecurity bills into law.
The latest in a series of efforts to improve the nation’s cybersecurity, the new legislation is intended to build skills and experience among the federal cyber workforce and promote coordination on security issues at all levels of government.
Here is a list of the new state data privacy statutes slated to come online in 2023:
