Experts Agree: Public Private Partnerships Essential in Combating Increasing Data Breaches – Security Review Magazine


Insights on Data Breaches and Cyber-Resilience at GISEC Global 2024

The upcoming GISEC event in Dubai is set to address the pressing issue of data breaches and cybersecurity vulnerabilities that continue to plague companies and governments worldwide. With over 30 billion records breached in 2024 alone, the cost of these incidents is on the rise, with the average breach now costing companies $4.45 million.

Experts like Saiful Islam, Chief Information Security Officer at Dhaka Bank, and Charles Brooks, President of Brooks Consulting International, are highlighting the urgent need for organisations to reassess their cybersecurity strategies and fortify their defenses. They emphasize the importance of proactive measures such as robust assessments, employee training, and clear incident response plans to mitigate the risks associated with data breaches.

Government and enterprise efforts in cybersecurity have often been reactive, with defenders struggling to keep up with evolving threats. Oren Maguid, Regional VP for MEA, APAC, and ANZ at Votiro, warns that without proper threat prevention in place, cyberattacks will only become more common and demand more resources from already-strained enterprises.

The rise of Artificial Intelligence (AI) and Machine Learning (ML) is seen as a promising solution to bolster cybersecurity defenses, with AI-powered tools enabling swift detection and response to cyber threats. However, experts caution that the adoption of AI and quantum computing should be approached with caution due to the potential risks associated with these technologies.

Overall, the GISEC event aims to bring together the international cybersecurity community to share knowledge, showcase emerging solutions, and address the evolving trends impacting the industry. With the increasing complexity of cyber threats, there is a clear need to improve traditional approaches to data security and breach prevention to ensure the continuity of businesses and governments in the face of cyber threats.

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