As we step in 2024, we must embrace ourselves for the changing trends in Cybersecurity. As Cyber threats become more frequent, more sophisticated, and more widespread, traditional security paradigms face an increasing number of challenges. This blog aims at covering the top 7 Cybersecurity trends that are either going to speed up, or emerge in 2024.
Let's take a look at them.
As we step in 2024, we have to come face-to-face with the fact that cybersecurity is going to become a more talked about topic. In the coming years, organizations will be investing more than ever in adopting and implementing cybersecurity techniques and tools.
As technology advances, more people set out to use it with malicious intentions. Hence, organizations working in the online sphere must embrace themselves to face all sorts of cyber crimes, and threats.
Here is a list of the top cybersecurity trends for 2024.
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AI or artificial intelligence is spreading its roots in all spheres of our lives, and one of them is Cybersecurity. These two will come together to encompass predictive analytics and automated responses. AI can be utilized to anticipate future cyber attacks or threats by analyzing historical data, along with current trends.
By integrating AI into Cybersecurity, preventative measures can be taken in a more solid stance, especially since the face of cyber threats is continuously changing.
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Even in 2024, ransomware continues to be an arduous threat, as negotiations become more aggressive and tactics more complex. Hence, companies should always be prepared with robust backup strategies, cyber insurance, incident response plans, employee training, and negotiation expertise.
As per Cybersecurity Ventures, the estimated damage amount from cybercrime will go over $10.5 trillion by 2025 globally.
Modern vehicles also bring in the threat of modern hacking. New vehicles come with integrated automated software for better connectivity for the drivers in engine timing, airbags, door lock, advanced systems, and cruise control. Both WiFi and Bluetooth are used for communication, opening doors to several threats and vulnerabilities from hackers.
Autonomous or self-driving vehicles have even more chances of threats, and thus, require more complex mechanisms to fight against them.
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IoT or internet of things is growing rapidly, as humans adopt more devices into our everyday lives. Wearable technology, industrial IoT, and smart homes are just a few examples. This increased adoption of IoT devices has led to an increase in security risks.
IoT devices have an interconnected nature, making various entry points for cybercriminals. Securing all these is a daunting task, but one that is important.
The number of IoT devices is forecast to exceed 29 billion by 2030.
In recent years, the Zero Trust model is one of the cybersecurity trends that has gained great traction. This concept entails not trusting any entity, regardless of whether it is within or outside the network. Hence, every device and user, irrespective of their location, is considered a potential threat. Security is ensured through continuous monitoring and identity verification.
Zero Trust cybersecurity is expected to continue growing in 2024 as it proactively safeguards against external breaches, lateral movement within a network, and insider threats.
The market size for Zero Trust security is forecast to grow at a CAGR of 18.5%, and expand from 23.61 billion USD in 2021 to 126.02 billion USD in 2031. These stats are extracted from the report ‘Zero Trust Security Market' by Allied Market Research.
While a lot of focus is shed on external threats, insider threats still remain a big cause of loss. Insider threats can both be unintentional or carried out with malicious intent.
In 2024, companies will try to focus on keeping a better track of any insider threats and enhance their detection capabilities. For this, employee training and awareness is crucial to further mitigate these risks.
Deepfake has become a key concern among cybersecurity experts. With the rising knowledge and use of generative AI, manipulating video and audio has become easier. More realistic content is being created, leading to more sophisticated cyber attacks.
As these threats grow, companies will have to invest more in the right DeepFake detection strategies and tools. Employees would also have to be trained in the aspect.
Cybersecurity has become a much talked about topic and it should be, considering the nature and number of cases happening. While we have listed the top 7 cybersecurity trends for this year, there are certainly chances of something entirely new stemming out. After all, the technology is ever-changing and how we use it too.
Ans. The top Cybersecurity predictions for 2024 includes an increase in Cybersecurity crime to cost over $9.5 trillion in 2024 globally.
Ans. One of the most dangerous and Cybersecurity threats today is social engineering, as it relies more on human error, than on technical vulnerabilities.
Ans. Even in 2030, Cybersecurity will most probably remain a crucial field. However, since the future is highly tentative, the answer will vary depending upon the technological developments, industry trends, and global growth.
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