security Threats

As we move into the ever-evolving landscape of 2024, the digital realm remains a battleground for cyber threats that are constantly evolving in complexity and sophistication. Organizations and individuals must stay ahead of the curve to protect themselves from emerging dangers.

In this blog post, with Vitaliy Klymenko, Editor-in-Chief in Slotamia and cybersecurity specialist, we explore the top cybersecurity threats and trends shaping the cybersecurity landscape in 2024.

Rise of artificial intelligence-based attacks

Artificial intelligence (AI) is not only a tool for cybersecurity defense, but also a potential weapon for cybercriminals. In 2024, we foresee an increase in AI-driven attacks, leveraging machine learning algorithms to bypass traditional security measures, identify vulnerabilities, and launch more targeted and adaptive attacks.

Deepfake threat

Deepfake technology further amplifies the potential damage caused by AI-driven phishing attacks. With deepfakes, attackers can create realistic audio and video content that impersonates the identity of individuals or organizations. This manipulation technique can fool even the most vigilant individuals, eroding trust and making it easier for phishing attempts to succeed.

Escalating supply chain attacks

Cybercriminals are shifting their focus to target the interconnected network of suppliers and service providers. Supply chain attacks are expected to escalate in 2024, posing risks to organizations that rely on external partners for various services and products. Such attacks carry substantial consequences, with data breaches costing an average of $4.64 million.

Navigating the security awareness training process with third-party vendors and employees often raises several critical questions:

• Is there a security awareness training program for the third-party vendor?

• Does the vendor use phishing simulations and other phishing awareness educational tools?

• Evaluating the effectiveness of your current program is vitally important. Such an assessment can identify potential weaknesses or areas in need of improvement, ensuring that everyone with access to company resources receives sufficient training.

Zero Trust Security

Zero Trust Security is a strategic approach that does not automatically trust anything inside or outside an organization’s network. Instead, it requires verification of every person and device attempting to access network resources, regardless of whether they are inside or outside the network perimeter.

With the rise of remote working, cloud-based services, and cyber threats, more than traditional security measures focused on protecting the network perimeter is required. Organizations will likely adopt a zero-trust approach to protect their networks, applications, and data, minimizing the risk of unauthorized access.

More cyberwarfare incidents

The frequency of cyberwarfare incidents is increasing. Cyberwarfare, a method of launching attacks against a nation or country via the Internet, aims to disrupt or damage a government, military, or infrastructure. Tactics employed in cyberwarfare vary greatly, including economic disruption, sabotage, power grid attacks, phishing, and ransomware. A recent study by Armis indicates a global increase in cyberwarfare attacks.

Increased regulatory attention to cybersecurity

In 2024, regulatory attention to cybersecurity will intensify. Governments and regulators worldwide are expected to implement stricter regulations and compliance requirements, which will drive organizations to prioritize cybersecurity measures and data protection.

One of the key developments in this area is the introduction of the NIS2 Directive, also known as the Network and Information Security Directive, an essential piece of legislation aimed at improving cybersecurity and protecting critical infrastructure across the European Union.

The NIS2 Directive will build on its predecessor, the NIS Directive, by expanding its scope to cover a wider range of sectors, including digital services and critical entities. This means that more organizations will be required to implement risk management practices and report significant security incidents. In addition, the NIS2 Directive proposes stricter oversight measures and higher financial penalties for non-compliance, raising the cybersecurity compliance stakes significantly.

Conclusion

As we navigate the complexities of the digital landscape in 2024, the key to cybersecurity resilience lies in staying informed and proactive. The threats and trends described above underscore the need for organizations to continually adapt their cybersecurity strategies, adopt innovative technologies, and remain vigilant in the face of changing risks. We can build a more secure digital future by staying ahead of the curve.