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Top 7 Cybersecurity Skills Every Company Must Have in 2024

As the digital landscape evolves, so too does the spectrum of cyber threats that businesses face. From phishing scams to sophisticated state-sponsored attacks, the necessity for robust cybersecurity strategies has never been more pressing. By the end of 2024, the cost of cyber attacks on the global economy is predicted to top $10.5 trillion. Another challenge is the lack of talents. Research shows that 62% of organizations believe their cybersecurity teams are understaffed. In fact, the situation appears to be getting worse – research indicates that a majority (54 percent) of cyber security professionals believe that the impact of the skills shortage on their organization has worsened over the past two years. 

At the Swiss Cyber Institute, our Security Education Training Awareness (SETA) Program is designed to equip professionals fast with the critical cybersecurity skills needed to protect their organizations. Drawing insights from leading industry sources, we’ve identified the top seven cybersecurity skills that every company should prioritize in 2024.

#1 Proficiency in Artificial Intelligence and Machine Learning

The integration of AI in cybersecurity is revolutionizing how threats are detected and mitigated. AI algorithms can analyze vast datasets to identify patterns and anomalies that might indicate a threat, much faster than humanly possible. However, as AI becomes a common tool for defenders, it’s also being used by attackers. Companies must develop skills not only in using AI but also in understanding its vulnerabilities and potential for exploitation. This dual capability will be crucial for maintaining security in an AI-driven landscape.

#2 Advanced Cloud Security Expertise

With more businesses moving to cloud environments, the security of cloud-based systems is critical. Cybersecurity professionals must be adept in securing hybrid and multi-cloud environments, implementing robust cryptographic measures, and managing cloud-based data securely. The ability to navigate complex cloud infrastructures while safeguarding sensitive information from unauthorized access is a must-have skill in 2024.

#3 Enhanced Threat Detection and Response Capabilities

As cyber threats grow more sophisticated, the ability to quickly detect and respond to incidents becomes vital. This includes understanding the tactics, techniques, and procedures (TTPs) of attackers, threat modeling, and incident response management. Skills in identifying zero-day vulnerabilities and managing Advanced Persistent Threats (APTs) will be particularly valuable.

#4 Mastery of Identity and Access Management (IAM)

IAM remains a cornerstone of effective cybersecurity strategies. Professionals skilled in IAM are essential for managing user access, preventing unauthorized data breaches, and ensuring that only the right people have access to sensitive systems and data. As regulatory requirements increase, so does the need for compliance and understanding how IAM impacts risk management and data protection policies.

#5 IoT Security

With the Internet of Things (IoT) becoming more prevalent, each connected device potentially offers a new attack vector. Cybersecurity skills related to IoT will need to focus on securing these devices, ensuring they are regularly updated, and monitoring them for potential threats. Effective IoT security also involves understanding the complexities of new connectivity technologies and how they can be secured against potential threats.

#6 Effective Communication and Collaboration

Cybersecurity is no longer a siloed function; it requires continuous collaboration across various departments. The ability to communicate complex cybersecurity concepts to non-technical stakeholders and to work collaboratively with other teams is essential. This skill ensures that cybersecurity measures are understood and implemented effectively across the entire organization.

#7 Regulatory Compliance and Cybersecurity Policy Development

As governments worldwide tighten cybersecurity regulations, understanding and navigating these legal landscapes become crucial. Skills in developing and implementing security policies that comply with these regulations are essential for protecting organizations from potential legal consequences. Professionals must also be adept at translating these regulations into practical, operational actions that secure data without hindering business operations.

These seven skills are critical for any organization looking to stay or become cyber resilient in 2024. By investing in training and development in these areas, companies can better prepare themselves against the evolving threat landscape. At the Swiss Cyber Institute, our SETA Program offers tailored training modules that address these essential skills, ensuring that your cybersecurity teams are not only prepared to face current challenges but are also equipped for future threats.

Explore more about our approach and offerings here.

Cybersecurity Certifications to look at:

ISACA Certified Information Systems Auditor (CISA) Certification Training for an all-inclusive exploration of audit, control, and assurance in information security and the best practices in the industry. 

ISACA Certified Information Security Manager (CISM) Certification Training for an all-inclusive exploration of job practices of information security governance, information risk management, information security program development and management, and information security incident management.

ISACA Certified in Risk and Information Systems Control (CRISC) Certification Training for an all-inclusive exploration of job practices of identifying and managing enterprise IT risk and implementing and maintaining information systems controls. 

ISC2 Certified Information Systems Security Professional (CISSP) Certification Training for an all-inclusive exploration of information security and the best practices in the industry.

ISC2 Certified Cloud Security Professional (CCSP) Certification Training, offering advanced knowledge and technical skills to design, manage and secure data, applications and infrastructure in the cloud.

ISC2 Certified in Governance, Risk, and Compliance (CGRC) Certification Training program, offering a thorough exploration of the expertise necessary to authorize and uphold information systems within the NIST Risk Management Framework.

Global Cyber Conference 2024

The Global Cyber Conference is a leading international cyber security event attended by high-level cyber security stakeholders, policy makers, regulators and academics from around the world.

In 2024, the focus will be on Cloud Security, Al Security, Business Impact and Enterprise Strategy. Each of these focal points will be covered in detail to provide participants with a wealth of knowledge, practical examples and important tools. Check out  the conference programme.

To ensure even better networking and personal interaction between participants, sponsors, speakers and partners of the Global Cyber Conference 2024, attractive networking events are planned in the Zurich area over the course of the year. These are included in the conference ticket package. The next pre-conference networking event will take place on 20 June 2024 at the “Fischerstube Zürihorn”.

The Swiss CISO Awards presented by EY Switzerland will take place on 27 November 2024 at the “AURA” Zurich and is once again an integral part of the Global Cyber Conference. Seize the opportunity to register yourself or honour a colleague for his/her leadership qualities in the field of cyber security. A panel of industry leaders awaits you to evaluate your achievements or those of your nominee. Apply or nominate a CISO today!

Do you have any questions?

Schedule a personal consultation call with our Education & Career Specialist, Fionn Sieber.