A recent study by Gartner revealed that cybersecurity and privacy laws will strengthen over the next few years.
Indeed, it was predicted that weaponized OT environments will result in human casualties by 2025 due to malware that will spread all across the world. It is then expected that cybercriminals will go from business disruption to physical harm.
In order to avoid this as much as possible, 75% of the world will be covered under privacy law with built-in subject rights requests and consent and automated privacy management programs. By 2024, most organizations will have implemented a cybersecurity mesh architecture that should help reduce the financial impact of security incidents.
Moreover, the study showed the growing importance of the cloud and security edge services market, with around 30% of people using the same provider by 2024. Besides, SaaS platforms will likely become the chosen delivery model for business.
By 2025, security will be a key part of public policy, with about 30% of the world’s nations having some form of legislation around ransomware. There will also be more regulation centered around ransomware payments, fines, and negotiations. On top of that, 40% of boards will have dedicated cyber committees, or at least one qualified board member, overseeing cybersecurity.