2024 Technology State of the Union
Lessons from Cyber Events and Technology Trends
This year has been marked by high-profile cyber events, emerging technology trends and an increased focus on cybersecurity. For business leaders, staying informed about these developments is important for making strategic decisions that safeguard their operations and drive growth.
Lessons from 2024: Major Cyber Events
This year saw a series of high-impact cybersecurity breaches that underscored the vulnerability of even the largest organizations:
- United Healthcare Breach: In February, hackers targeted UnitedHealth’s tech unit, affecting the personal information of 100 million people. This breach, one of the largest in U.S. healthcare history, exposed the need for robust security measures.
- AT&T Hack: A series of attacks in April compromised data from nearly all AT&T cellular customers, impacting millions. This breach highlighted the importance of transparency and proactive communication with customers.
- CrowdStrike Outage: A faulty software update in July disrupted operations across industries, from airlines to financial institutions. This incident demonstrated the ripple effect technology failures can have on global systems.
These events serve as a stark reminder: cybersecurity isn’t just an IT issue—it’s a business imperative.
What to Expect in 2025
Looking ahead, several key trends will shape the technology landscape:
- Heightened Regulatory Scrutiny
Governments worldwide are tightening cyber regulations. Businesses should expect stricter compliance requirements, emphasizing transparency and proactive cybersecurity measures.
- Increased AI Utilization—and Risks
Artificial intelligence (AI) will play a larger role in real-time threat detection and automated defenses. However, cybercriminals will also leverage AI to launch more sophisticated attacks. Organizations must stay ahead by refining their defenses.
- Targeted Cyber Attacks on Employees
Hackers are using AI and publicly available data to exploit individual vulnerabilities. Businesses must invest in employee training and adopt tools like multi-factor authentication to mitigate risks.
- Small Business Cybersecurity
The gap in cyber resilience between large enterprises and small businesses is widening. Small and medium-sized businesses must prioritize affordable, scalable security solutions to remain competitive.
Practical Steps for 2025
Proactively addressing these challenges can mean the difference between thriving and merely surviving in the digital age. Here are three actionable strategies to prepare your business for the year ahead:
- Run a Penetration Test: Identify vulnerabilities in your systems before cybercriminals do. Regular testing ensures your defenses remain robust against evolving threats.
- Implement Cyber Awareness Training: Equip your employees with the knowledge to recognize and respond to potential threats. Human error remains a leading cause of breaches, making training a critical investment.
- Prepare for Regulation: Stay ahead of regulatory changes by adopting a proactive approach to compliance. This includes updating policies, documenting processes and investing in technologies that meet new standards.
Build Resilience
As we move into 2025, it’s time for business leaders to integrate cybersecurity and emerging technologies into their strategic plans. The stakes are higher than ever, but with the right measures in place, you can keep your business safe. Contact an Adams Brown Technology Specialist if you need help.