What does 2024 hold for cyber security threats?
Every year the world tends to go more and more digitalized. What has been interesting to note is that with more and more sensitive data going online, so are the threats. Mike envisions new threats that will be common in the parking lots and streets, in businesses and among individuals by the year 2024. Future communication security threats will be necessary to know for protection at cyber space.
Cyber Ransomware Attacks Get More Specific
Ransomware attacks will keep on evolving in the following year. Forget mass attacks, cyber criminals will utilize social engineering and employer-targeted malware to achieve the outcome on a more focused level. Terrorism can even endanger human life through an attack on hospitals, power generating stations among other infrastructure. Companies are going to require better endpoint detection, user awareness, and sophisticated response procedures.
Growth of Insider Threats
This means that as measures of protection against external attackers are being developed the insider threats are going to become alarmingly common. May leak information. Companies will require good access control, surveillance, and reporting to identify insider problems on time.
Adventures of growing Internet of Things (IoT) networks
While unsecured there is always the chance that IoT devices may offer passage points to corporate networks. Smart lightbulbs, wearables, and more could expose entire networks, if these devices weren’t protected with some basic security measures. Daily scanning, compartmentalization of the network, and general endpoint toughening will also be required.
Third Party App Vulnerabilities
If security measure is not done, new risks may arise from their third party systems like cloud services or SaaS apps. Those in the middle of the supply chain can get the information but often they don’t have proper safeguards and precautions. The areas that will say big include third party assessment and audits, contract negotiation and monitoring.
Deepfakes for Social Engineering
AI will also continue to improve, and along with this improvement, hackers will be able to produce fake audio, video, messages, and voices that resemble the actual ones . It may use “deepfakes” to perform appealing social manipulation frauds via email, phone and other mediums. Awareness among the employees and better detection system will cut down such scams at the right time.
Incremental nature of Supply Chain or Vendor Threats
Eventually supply chain cyber attacks will be favored for gaining initial access to organizational networks through contractors and other trusted third parties. Intruders are capable of penetrating vendor systems that are not necessarily directly connected to their targets, as vectors. Extended supply chain risk management, the relationship between companies, and vendor reviews will prevent the discovery of weaknesses before they can be leveraged.
Crypto Currency Threats and Fraud Increase
Since cryptocurrency is now becoming more popular, businesses will be subjected to new forms of attacks towards embezzlement of funds. Phishing domains, mobile malicious applications, and social engineering attacks are going to be employed to obtain or expose login credentials or opportunities for compromising the management and trading of currencies. Increased incorporation of cryptographic protections into awareness programs; access; and monitoring mechanisms will be inevitable.
Weaponization of AI for Hacking
Tools based on AI for automating cyberattacks, avoiding identification or alexa, target recognition, and so on will appear. AI can be used for very effective and highly mobile targeting of businesses and people. Designed to better defend and sustain itself with ethical AI as an argon will rise in the cybersecurity industry.
Compliance Failures: The Problem of Thwarting Growing Regulation
Over the next several years, including 2024, intensified data-privacy laws will raise new compliance issues. Managing new regulations across the world in conjunction with traditional standards such as GDPR will be challenging when using the traditional way. This would generate huge foundations with 732 dedicated data compliance teams, regulatory monitoring tools and auditing.
Increase in Deep Web Cyber-Extortion and Ransomware as a Service
Criminals will step up targeted ransomwares and extortion business-as-a-service ventures via the dark web. Less technical savvy individuals/small groups/ will be able to buy sophisticated ransomware kits and services. This is is going to broaden the risk map for businesses manifold. For example, cyber insurance, cyber threat response planning, user education, and good patching and access control will still be important measures in the event of cyber threats.
The cyber risk environment will be vastly different within the next few years at most. Realization of these emerging cyber security risks will enable formulation of business strategies in addition to enhanced technology, and awareness for putting into practice the aspect of cyber security. Stressing on these top 10 threats and setting risk management on these areas would prove successful in protecting information.
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