The estimated cost of cyberattacks on the world economy by the end of the next year is expected to exceed $10.5 trillion. This startling sum is indicative of the increasing demand for cyber security to be given strategic priority at the individual, corporate, and governmental levels.
Artificial intelligence (AI) will revolutionise both assault and defence, just like it has in every other area of business and technology. It will have an effect on all of the patterns that are discussed here.
Technological innovation has accelerated in many industries in recent years, and cyber risks are no exception. You should always be prepared, so read on to find out the like predictions for the cyber security trends and what everybody should be on high alert for as we head into 2024. Check out the cyber security course online.
1.The Cyber Security Skills Crunch
The lack of experts with the knowledge and abilities required to defend companies against cyberattacks will persist as a recurring issue in 2024. According to a study, the majority of cyber security professionals (54 percent) say that the impact of the skills shortage on their business has gotten worse over the last two years. In fact, the problem seems to be growing worse. We may anticipate that efforts to address this issue will involve increasing funding for programs that promote training, development, and upskilling as well as maintaining the wage increases given to individuals who possess the required skills.
2.Generative AI Adopted On Both Sides Of The Battle
We will witness increasingly intelligent and complex AI-powered attacks in the future as the technology develops at an incredibly rapid pace. This will include automated malware that cleverly adjusts to avoid detection to deep fake social engineering tactics. In addition, real-time anomaly detection, intelligent authentication, and automated incident response will assist us in identifying, avoiding, or eliminating dangers. AI is the queen in the game of cyberattack and defence in 2024, able to grant great strategic advantages to the strongest player.
3.Next-Level Phishing Attacks
The sophistication of social engineering attacks, which entail deceiving users into granting attackers access to networks, will also rise. Deepfake attacks will proliferate as generative AI tools, like ChatGPT, allow more attackers to devise more cunning, tailored strategies. While AI and zero trust will also play an increasingly important role, organisation-wide awareness-raising and education will be the main strategies used to address this.
4.Cyber Security In The Boardroom
By 2024, cybersecurity will be a top strategic issue and the IT department cannot continue to operate in silos. According to Gartner’s prediction, by 2026, at least one member with specialised knowledge will be present on 70% of boards. Because of this, businesses are able to move past the reactive defence and take advantage of the new business opportunities that come with being ready.
5.IoT Cyber Attacks
There are more potential “ins” for cybercriminals to exploit when there are more gadgets connecting to the internet and exchanging data. The hazards associated with employees connecting or exchanging data over inadequately secured devices will not go away as long as the work-from-home movement persists. These gadgets are frequently made more for convenience and simplicity of use than for security, and poor security passwords and security protocols might put household consumer IoT devices at risk. IoT will continue to be a weak point in cyber security since the industry has generally delayed implementing security standards, even though the vulnerabilities have been known for many years. However, this is starting to change (more on this below).
6.Cyber Resilience – Beyond Cyber Security
The terms cyber security and cyber resilience are sometimes used synonymously. That being said, the distinction will gain significance starting in 2024 and going beyond. While preventing attacks is the main goal of cyber security, many businesses are beginning to place a greater emphasis on resilience as a reflection of the harsh reality that no security can ever ensure 100% protection. The purpose of resilience measures is to guarantee that operations continue even after a successful breach. Creating the capacity to quickly recover while reducing downtime and data loss will be a top goal in 2024.
7.Less Than Zero Trust
The core idea of “zero trust,” which is “always verify,” changes as systems get more complicated and security is incorporated into corporate strategy. According to zero trust, there is no boundary where one can presume that network activity is secure. This idea transcends the corporate network and encompasses the ecosystem of remote workers, affiliated businesses, and Internet of Things devices as the threat landscape changes. By 2024, constant AI-powered real-time authentication and activity monitoring will enable zero trust to evolve from a technical network security paradigm to one that is adaptable and comprehensive.
8.Cyber Warfare And State-Sponsored Cyber Attacks
The ongoing conflict in Ukraine, which is predicted to enter its third year, has revealed the degree to which governments are prepared and able to use cyberattacks against both military and civilian targets in 2024. It is highly probable that in the future, cyber warfare operations will be conducted in tandem with military operations conducted anywhere in the world. The most popular strategies include distributed denial-of-service attacks, which are used to take down communications, public utilities, transportation, and security infrastructure, and phishing assaults, which aim to compromise systems for the purposes of disruption and espionage. Aside from combat, there will be significant elections in the US, UK, and India in 2024. As a result, we should anticipate a rise in cyberattacks targeted at undermining democracy.
9.Soft Skills Becoming Increasingly Essential For Cyber Security Professionals
In 2024, cybersecurity experts will be needed to handle increasingly complicated tasks due to the ever-evolving sophistication of the threat landscape. This goes beyond just a technical sense; people in charge of thwarting cyber threats will also have to deal with more intricate social and cultural facets of threat mitigation. As a result, soft skills like problem-solving, relationship-building, and interpersonal communication will become increasingly important.
10.Cyber Security Regulation
Governments and organisations are starting to realise how dangerous cyber threats may be to both economic growth and national security. The introduction of new laws pertaining to cyber security matters is also largely influenced by the possible social and political ramifications of significant data breaches. For instance, the Product Security and Telecommunications Act, which lays out the minimal security standards that networked items must meet (such as not being provided with a default password), gives businesses in the UK until April 2024 to make sure they comply. Although the EU’s analogous Radio Equipment Directive will not go into effect until 2025, lawmakers will probably continue to discuss the issue extensively in 2024.
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