NetworkTigers top 8 cybersecurity threats to watch out for in 2024.
The cybersecurity landscape is expected to become more complex in 2024. Cybersecurity professionals predict that attackers will use artificial intelligence and machine learning and increasingly sophisticated cybersecurity threats. With evolving cyberattacks, businesses must enhance incident response capabilities and implement robust security measures. Read on as we explore the top 8 cybersecurity threats to watch out for in 2024.
Ransomware attacks
Ransomware attacks are anticipated to rise in 2024 and are one of the cybersecurity threats to watch. Hackers are expected to target confidential data in the transportation, energy, and healthcare industries. These cyber threats can harm businesses and individuals, leading to reputational damage, financial setbacks, and data loss. Establishing a robust strategy is crucial for companies to safeguard against ransomware.
Businesses and organizations should adopt a comprehensive security approach comprising employee training, network segmentation, and regular backups to protect against ransomware attacks. Updating software and addressing vulnerabilities is also essential.
AI-powered attacks
Artificial Intelligence (AI) is expected to play a crucial role in cybersecurity by 2024. Attackers will use AI to identify vulnerabilities, create tools, launch more targeted and sophisticated attacks, and automate tasks. One notable application is the use of AI in generating deepfakes and 3D attacks, producing deceptive images or videos portraying scenes or individuals that do not exist.
These tactics deceive victims into disclosing sensitive information or clicking on malicious links. AI is also expected to empower attackers in planning cyberattacks autonomously, enabling them to disguise their activities within regular operations.
Deepfakes and 3D attacks
According to a Dossier Labs report, 2024 is anticipated to experience more deepfakes and 3D attacks. In these scenarios, cybercriminals use AI to develop simulations of trusted people, such as CEOs or workmates, to deceive individuals into revealing confidential data or clicking on harmful links.
To protect against these attacks, businesses should adopt multi-factor authentication (MFA) and use security information and event management (SIEM), as well as advanced security technologies like endpoint detection and response (EDR) for real-time threat detection and response.
Supply chain attacks
Cyberattackers are increasingly exploiting vulnerabilities within the software supply chain to access confidential information. In 2024, organizations should remain vigilant due to an expected surge in supply chain attacks. These attacks harm companies and individuals, resulting in financial losses, data breaches, and reputational damage.
Businesses must implement a robust security strategy to protect against supply chain attacks. This strategy should include ongoing employee training, network segmentation, and regular data backups. Additionally, updating software and patching vulnerabilities is crucial.
IoT device attacks
The Internet of Things (IoT) is becoming more prevalent in homes and businesses. However, most IoT devices lack security, making them susceptible to cyber threats. In 2024, enterprises should expect to see an increase in IoT-related attacks. Such threats pose significant risks, resulting in data breaches, financial setbacks, and reputational damage to businesses and individuals.
To protect against these IoT device vulnerabilities, organizations should adopt a comprehensive security strategy that includes employee training, network segmentation, and regular backups. Patching of identified vulnerabilities and updating software is also crucial.
Mobile devices attacks
The utilization of mobile devices for work is on the rise. However, they are also a target for attackers. In 2024, individuals and businesses should anticipate witnessing more attacks on mobile phones. Such attacks pose significant risks leading to reputational damage, data breaches, and financial setbacks.
To protect against mobile device threats, organizations should adopt a robust security strategy focusing on network segmentation, routine backups, and employee training. Keeping software up-to-date and patching vulnerabilities is also essential.
Cyber espionage attacks
Nation-state actors and other malicious entities use cyber espionage to access confidential information. In 2024, businesses should anticipate a surge in cyber espionage attacks. These threats can cause significant harm to enterprises and individuals, resulting in reputational damage, data breaches, and financial setbacks.
Organizations should implement robust security measures to protect against these attacks, including continuous employee training, network segmentation, and routine data backups. It’s also crucial to update software and patch identified vulnerabilities.
Cloud computing attacks
In recent years, cloud computing has become popular and is presenting emerging security challenges. According to the Cloud Security Alliance research, cloud cyber threats constituted 20% of all attacks in 2020, making cloud computing platforms the third most-targeted cyber environment.
In 2024, a surge in cyber threats is expected due to global unrest, contributing to increased cyberattacks. While transformative, the rapid adoption of emerging technologies like edge computing and quantum computing introduces new security challenges. Navigating the transition from conventional encryption to post-quantum cryptography is critical to sustaining secure communication in the era of quantum computing.
Adopt strong security strategies for your business in 2024
Cyber threats are expected to increase in 2024, and enhanced security will be a primary focus for organizations. Organizations should stay vigilant as attacks evolve and take proactive measures to protect against threats. This includes staying up-to-date with the latest security trends and challenges and implementing best practices to ensure the safety and security of business networks.
About NetworkTigers
NetworkTigers is the leader in the secondary market for Grade A, seller-refurbished networking equipment. Founded in January 1996 as Andover Consulting Group, which built and re-architected data centers for Fortune 500 firms, NetworkTigers provides consulting and network equipment to global governmental agencies, Fortune 2000, and healthcare companies. www.networktigers.com
