2023, like most recent years, was a year of a rapid pace of change, technological evolution, and increasingly sophisticated cyber threats. It has set the stage for a transformative 2024, dare I say, a new era of security operations (SecOps).
Keep reading to learn more from Swimlane’s leaders— Cody Cornell, James Brear, Michael Lyborg, Frans Xavier, and Tony Thompson, as they share key predictions, emerging trends, and strategic insights that will shape the cybersecurity landscape in the coming year.
Big Opportunities in 2024
Leverage Automation Across the Entire Organization
For cybersecurity in 2024, the major opportunity lies beyond the traditional security operations center (SOC). Swimlane envisions widespread automation adoption across various organizational security domains, extending beyond conventional use cases and outside of the SOC. When security automation has the opportunity to help outside of traditional SOC processes, a low-code security automation solution turns into a single system of record for your entire security organization.
“Going into 2024 the big opportunity is looking outside the traditional SOC use cases.”– James Brear, Chief Executive Officer
The Future of AI in Cybersecurity and Its Macroeconomic Implications
Throughout 2024, artificial intelligence (AI) will see dramatic evolution in cybersecurity, sparking well justified excitement. However, promises may fall short. The key investment focus will shift to maximizing efficiency, as budgets will likely not increase as dramatically as they have in the previous ten years. Despite the growing need for cybersecurity, organizations must find a way to extract more value from their existing resources, both in terms of people and technology. This will help navigate the constrained fiscal landscape and will give a true return on investment (ROI). Even more, regulatory changes are happening fast, including SEC requirements, and shifts with European and U.S. law. With that, the expectations for real-time security monitoring are rising, especially for public companies. For all organizations in 2024, balancing threat prevention will be crucial and recognizing that it’s not a matter of ‘if’ but ‘when.’
“People are looking at better ways to leverage the tools they’ve already made investments in or will be looking at investments that will pay off from a true ROI perspective.”– Cody Cornell, Co-founder & Chief Strategy Officer
Divergent Views on AI: Embrace AI or Face the Workarounds
With polarized opinions on AI, organizations are either for, or against AI. However, the non-adoption route leads to many workarounds. When it comes to AI at Swimlane, we prioritize team training to enable and empower our teams to properly use AI with implemented safeguards. Automation and AI together serve as a powerful human enabler, enhancing decision-making speed and effectiveness without replacing the value of the human mind. In a future with AI, fundamental SecOps principles will be more important than ever.
“A world with AI is a new reality.”– Michael Lyborg, Chief Information Security Officer
Adapt to Smarter Cybersecurity Threats in 2024
It’s no secret that cybersecurity threats are becoming more sophisticated, making it necessary for the industry to evolve and innovate effective response strategies, especially in 2024. The current cybersecurity landscape differs significantly from previous years, prompting tools, technologies, and service providers to innovate and offer enhanced solutions to address these evolving threats.
“The world around us is not as secure as it was years ago. The industry needs to evolve, face these threats, and learn how to respond in the most effective way. Our 2024 roadmap embraces AI to fuel innovation and deliver comprehensive solutions for our customers.”– Frans Xavier, Chief Technology Officer
Establish Brand Trust Through Actual Data
In today’s world of cybersecurity, building brand trust requires vendors to deliver and substantiate their offerings with real data. It’s important to move away from “flash in the pan” messaging and put more emphasis on meaningful content and data. And more importantly, being able to activate that across various channels to establish trust with potential buyers.
“One thing vendors need to do is establish more credibility with what they actually deliver for their customers and be able to back that up with actual data.”– Tony Thompson, Chief Marketing Officer
Be Prepared for Cybersecurity Threats in 2024 with Swimlane Turbine
Well, you heard it here first. As we stand at the brink of 2024, the cybersecurity horizon appears both promising and challenging. With the transformative potential of AI, the expanding domains of security automation, and the imperative to optimize investments in an ever-evolving landscape, it’s more important than ever to empower your entire security organization with the best security technologies. With an eye on regulatory shifts and the growing sophistication of cyber threats, the journey ahead demands adaptability, resilience, and a commitment to building trust. As we step into the future, now armed with insights and foresight, let’s collectively embrace the opportunities and confront the challenges that await on the other side. Learn more about how Swimlane is empowering security organizations today with our AI-enabled low-code security automation platform, Swimlane Turbine.
Signing off for now… see you in 2024!
Calculate your ROI with Swimlane Turbine
To help companies evaluate the potential financial impact of the potential investment, TAG Cyber conducted an extensive study on the Swimlane Security Automation Solution.