In 2025, one thing became abundantly clear: Bermuda's regulated businesses are operating in a faster, more complex technology landscape than ever before.
At Gnosis, we’ve spent the year helping our clients strengthen resilience, sharpen strategy, and stay ahead of emerging risk. Our work across the industry has given us a clear view of what’s driving priorities as we head into 2026:
Phishing is getting harder to spot. Attacks are more convincing than ever. Organisations are doubling down on cyber awareness training and reassessing the effectiveness of their email security stacks.
Cloud economics are shifting. Many companies are discovering the hidden costs of cloud hosting compared to on-premises solutions. We’re seeing more teams explore hybrid approaches to balance cost, performance, and compliance.
AI adoption is on the rise (with guardrails). AI continues to accelerate, but clear strategies and governance are essential. When AI touches corporate or personal data, strong monitoring and safeguards aren’t optional, they’re mandatory.
Locally appointed CISOs are becoming fundamental. Under the Bermuda Monetary Authority (BMA) Cyber Code of Conduct, and with PIPA now in full effect, having a Bermuda-based CISO is increasingly critical. A locally appointed CISO ensures full compliance, operational resilience, and timely decision-making aligned to the island’s unique requirements.
Ransomware is here to stay. Even with recent law enforcement action disrupting major groups, attackers are shifting towards small and mid-sized businesses. Proactive resilience, rapid response, and secure recovery are absolute necessities.
2025 was a year of reassessment for the Bermuda IT landscape. New government policies around cyber readiness, data protection, and AI governance pushed organisations to rethink how they manage risk and compliance. With phishing growing more convincing, cloud costs shifting, and ransomware persisting, businesses have sought to strengthen training, revisit infrastructure choices, and reinforce resilience. The increased emphasis on PIPA and the BMA Cyber Code has also made locally appointed CISOs more critical than ever.
Looking ahead, 2026 will be a year defined by execution. As the BMA continues to prioritize cyber‑risk supervision, regulated entities must ensure they have the appropriate resources and capabilities in place to meet evolving regulatory expectations. The BMA has already highlighted several recurring areas of non‑compliance under the Cyber Risk Management Code, including data classification (a fundamental control for protecting sensitive information), third‑party and intra‑group cyber‑risk management, and the annual testing requirements for business continuity and disaster recovery plans. Addressing these areas won't just support compliance, it will be essential to building the operational confidence and readiness that Bermuda’s regulatory landscape now expects.
