As we kicked off 2024, NightDragon hosted a special NightVision Live event in partnership with Nasdaq and J.P. Morgan to discuss lessons learned from 2023 and what trends we can expect in 2024. At this event, NightDragon Founder and CEO Dave DeWalt interviewed cybersecurity innovators and industry leaders to get a perspective on the keys to growth and what we can expect in the year ahead.
Guests included:
- Jennifer Bisceglie, CEO, Interos
- Tamer Hassan, former CEO, HUMAN
- Mike Viola, Principal Technologist, Nasdaq
- Brian Beyer, CEO, Red Canary
- Aleksandr Yampolskiy, Co-Founder and CEO, SecurityScorecard
- Paul Martini, CEO, iboss
- Dan Vigdor, Founder and Executive Chairman, ThriveDX
- Alice Takhtajan, Managing Director, J.P. Morgan
- Matt Seiter, Managing Director, J.P. Morgan
Check out the complete recordings of the events below and a summary of some of the key takeaways:
- Cyber Talent Continues to be a Challenge for Organizations in 2024 – The global cyber talent gap is estimated to be about 3.4 million people – and that challenge isn’t going away soon. This challenge grows as the vast majority of breaches are human-related, which is further compounded by the impact of artificial intelligence, said Dan Vigdor, Founder and Executive Chairman, ThriveDX. “It’s a global threat and a global marathon… to get the right training,” he said.
- AI Wave Drives New Opportunity, Risk – For security teams, the rise of artificial intelligence presents new opportunities around automation and increased technology innovation but also adds new risk as it increases attacker capabilities, said Mike Viola, Principal Technologist at Nasdaq. In particular, he said it’s important for organizations (especially data-driven ones like Nasdaq) to focus on data protection to prevent corruption or compromise.
- Immense Amount of Data Drives New Opportunity in Cybersecurity – As companies look to enhance their capabilities around incident detection and response, many are beginning to leverage the immense amount of data at their fingertips to help, said Brian Beyer, CEO, Red Canary. “Every cybersecurity team is about to enter this new era of cybersecurity where they get way more data at their fingertips than they’ve ever had before.” That’s creating a new market opportunity for companies that can help security teams deal with all this data and leverage it effectively to stop attacks in their tracks, he said.
- IPO Market Starting to Accelerate – While the IPO market has proved slow across most every industry for the past few years, 2024 could see a surge in companies looking to go public. Alice Takhtajan, Managing Director, J.P. Morgan said “We are cautiously optimistic for 2024. There is a large pipeline of companies looking to go out.” It remains important for these companies to have a focus on sustainability of growth and profitability.
- Supply Chain Continues to be a Concern – While third-party risk was in the spotlight amidst the pandemic, the reality is that it continues to be a major risk area for businesses today as they consider cybersecurity, ESG, sustainability, geopolitical risk and similar concerns. AI can play an important role in helping mitigate this risk, said Jennifer Bisceglie, CEO, Interos. She said AI can play a role in helping determine patterns from data more quickly and help humans make sense of it to make more informed decisions about their supply chain risk.
- M&A Rising in 2024 – “In the first half of 2023, many buyers were reticent to pursue M&A and many sellers were uncomfortable with the idea. However, in Q4 2023 we started to see some early traction increasing for M&A, including with private equity and active buyers like Cisco and Palo Alto Networks,” said Matt Seiter, Managing Director, J.P. Morgan. He expects that trend will continue in 2024 and will help drive a healthy, competitive market environment.
- Rating and Measuring Risk Becoming More Important – In order to understand the risk your organization faces, you need to be able to measure it. This is especially important as cyber breaches continue to rise, as well as new regulations emerge from the Securities and Exchange Commission (SEC) and other organizations around the need to quantify and measure risk. However, these ratings are only part of the picture, said Aleksandr Yampolskiy, Co-Founder and CEO, SecurityScorecard, and it’s important for the industry to also think about how those risk scorecards are also turned into solutions. He also predicted that AI and automation will likely play a strong role in advancing this sector in the coming year.
- AI Enhances Disinformation Risk – As AI continues to rise, experts said they worry about the impact it will have on disinformation, especially as AI takes a bigger role in content generation through tools like ChatGPT. This dynamic is especially important in 2024, as 64 countries and approximately 3 billion people head to the polls in different elections around the world. That makes the ability to tell what’s human from what’s not more important than ever, said Tamer Hassan, former CEO, HUMAN. “I think we’re seeing only the beginning of what disinformation will eventually look like with AI behind it,” he said.
Watch full videos of these conversations below:
