21/12/2023

Avigilon urges companies to mitigate risks for 2024

Chicago, Il (USA)

Organisations must be vigilant in protecting their data from an ever-expanding range of threats. Understanding new physical security, cyber security and information security technology trends of 2024 is an important step any organisation can take in safeguarding its assets. While investing in security technology helps protect people, assets and premises, cyber security measures prevent malicious hacking attempts and data breaches. Avigilon has recently shared the company's view on the influencing factors on security technology and the measures that company's could take to safeguard their data and physical assets in the coming years.

Physical security has always been top of mind for those overseeing office operations and other commercial buildings. From preventing crime to ensuring a better overall experience, new security technologies make it easier than ever to protect both residential and commercial properties effectively.

However, it has never been more important to ensure your security systems are cyber secure, as cyber crime continues to be a global issue and a driving force in the security, cyber security, and information security trends of 2024.

In fact, according to Avigilon's findings a staggering 49% of breaches by external actors involve the use of stolen credentials and 24% of all breaches involve ransomware – the process of maliciously encrypting data and demanding a ransom to reinstate access. According to the Cybersecurity & Infrastructure Security Agency, cyber attacks cost commercial businesses in the U.S. $394,000 to $19.9 million per incident.

With the increasing use of connected devices, IoT, and AI technologies in security, safeguarding data both in motion and at rest is a crucial objective that will influence the development of new trends in security technology and cyber security.

Unfortunately, many businesses fail to sufficiently protect themselves from physical security threats, as well. The World Security Report found that over $1 trillion in revenue was lost by companies as a result of physical security incidents and one in four publicly-listed companies reported a drop in their value following an incident.

Luckily, there are many ways to mitigate risk with new security technologies. Implementing a combination of physical security, cyber security and IT security technologies can provide a much-needed layer of protection from damaging breaches and threats.

While there is no ‘one-size-fits-all’ approach to security and every company has different needs, new high-tech security trends of 2024 can help businesses find new security technologies to protect their assets and uncover solutions to their most pressing challenges.

To help companies through these challenges Avigilon has also produced a guide as an overview to the security technology trends for 2024.

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