As we step into the domain of this year, organizations must remain cognizant of both existing and 2024 cybersecurity predictions. Enterprises spanning various sizes and industries must devise strategic plans commensurate with this reality.
Hence, remaining at the forefront is essential for protecting digital assets. Substantial shifts are on the horizon in the cybersecurity arena, fueled by emerging technologies, evolving threats, and changing global dynamics.
Next, we’ll explore 2024 cybersecurity predictions that you should consider.
1. AI Will Be a Double-edged Sword in 2024 cybersecurity predictions
You know what’s been a total game-changer in cybersecurity? Artificial intelligence (AI)! It’s turbocharged everything from spotting threats to how we respond and stop them dead in their tracks. But, it’s not all sunshine and rainbows. AI comes with its own set of challenges like sneaky adversarial AI, pesky vulnerabilities getting exploited, and dealing with all the misinformation floating around. Let’s check some 2024 cybersecurity predictions.
For example, malicious actors use chatbots and other large language models to generate:
Convincing phishing emails
Fake news articles
Deepfake videos
This malicious content can deceive or manipulate users. Watch out for this sneaky stuff—it’s out to trick or mess with users! To stay safe, organizations must beef up their security game big time. That means getting cozy with a human-in-the-loop strategy and keeping a close eye on their AI systems, giving them a good check-up now and then. Taking these steps will help dodge the dangers and make the most of AI for a safer tomorrow! You can get some free learning on AI here: Unwrap the gift of knowledge: 5 free courses on AI by Microsoft
2. Quantum Computing Will Become a Looming Threat in the 2024 Cybersecurity Predictions
Quantum computing is still a few years away from reaching its full potential. However, it is already a serious threat to the security of current encryption standards.
Quantum computers can potentially break asymmetric encryption algorithms. These algorithms are widely used to protect data in transit and at rest. This means that quantum-enabled hackers could compromise sensitive data, like financial transactions.
Your organization will need to start preparing for this scenario. You can do this by assessing their potential risks first. Then, you can adopt quantum-resistant technologies and deploy quantum-safe architectures as part of the 2024 cybersecurity predictions.
3. Hacktivism Will Rise in Prominence
Hacktivism is the use of hacking techniques to promote a political or social cause. Such as exposing corruption, protesting injustice, or supporting a movement.
Hacktivism has been around for decades. But it’s expected to increase in 2024. Particularly during major global events. These may include the Paris Olympics and the U.S. Presidential Election as well as specific geopolitical conflicts.
Hacktivists may target organizations that they perceive as adversaries or opponents. This can include governments, corporations, or media outlets. These attacks can disrupt their operations as well as leak their data or deface their websites.
Organizations will need to be vigilant against potential hacktivist attacks. This includes being proactive in defending their networks, systems, and reputation.
4. Ransomware Will Remain a Persistent Threat
Ransomware is a type of malware that encrypts the victim’s data. The attacker then demands a ransom for its decryption. Ransomware has been one of the most damaging types of cyberattacks in recent years.
In 2023, ransomware attacks increased by more than 95% over the prior year.
Ransomware attacks are likely to continue increasing in 2024. Due to new variants, tactics, and targets emerging. For example, ransomware attackers may leverage AI to enhance their encryption algorithms. As well as evade detection and customize their ransom demands.
Hackers may also target cloud services, IoT devices, or industrial control systems. This could cause more disruption and damage. In fact, these hackers can ask for ransomware payments. Your organization will need to put in place comprehensive ransomware prevention and response strategies. Including:
Backing up their data regularly
Patching their systems promptly
Using reliable email and DNS filtering solutions
Educating their users on how to avoid phishing emails
5. Cyber Insurance Will Become More Influential
Cyber insurance covers the losses and liabilities resulting from cyberattacks. It has become more popular and important in recent years. This is due to cyberattacks becoming more frequent and costly.
Cyber insurance can help organizations recover from cyber incidents faster and more effectively. It provides financial compensation, legal help, or technical support.
But cyber insurance can also influence the security practices of organizations. More cyber insurers may impose certain requirements or standards on their customers such as implementing specific security controls or frameworks. Organizations will need to balance the benefits and costs of cyber insurance as well as ensure that they are in compliance with their cyber insurers’ expectations.
Be Proactive About Cybersecurity – Schedule an Assessment
It’s clear that the cybersecurity landscape will continue to evolve rapidly. Organizations and individuals must proactively prepare for emerging threats. This includes adopting advanced technologies and prioritizing workforce development as well as staying abreast of regulatory changes.
Put a comprehensive cybersecurity strategy in place. One that encompasses these 2024 cybersecurity predictions. This will help you navigate the digital frontier with resilience and vigilance.
Need help ensuring a secure and trustworthy digital environment for this and years to come? Contact us today to schedule a cybersecurity assessment.
Protect yourself. Read more about Cybersecurity Tipsheet: How to Protect Yourself Against Cyber-Attacks here.