Bytes Cyber Security Market Report Autumn 2024

The Bytes Cyber Security Market Report for Autumn 2024 presents an analysis of the current cyber security landscape, influenced by geopolitical tensions and the rise of generative AI. The report highlights the challenges organizations face, particularly the increasing sophistication of phishing attacks and a significant skills shortage in the industry. It discusses the shift towards Managed Security Services as a response to these challenges and emphasizes the growing importance of addressing third-party supply chain vulnerabilities. The report also notes the introduction of new compliance standards and the rising demand for Incident Response solutions. Furthermore, it documents the impressive growth of the UK Cyber Security sector, with a reported 13% increase in revenue and the creation of 2,700 new jobs. The findings underscore the critical need for organizations to enhance their incident response capabilities and manage cyber security risks effectively, particularly in relation to third-party suppliers.