Biggest Cyber Security Trends In 2024
As in every other field of business and technological endeavor, artificial intelligence (AI) will have a transformative impact on both attack and defense.
A shortage of professionals with the skills needed to protect organizations from cyber attacks continues to be a running theme throughout 2024. In fact, the situation appears to be getting worse
What is a firewall and why do you need one
Research indicates that a majority (54 percent) of cyber security professionals believe that the impact of the skills shortage on their organization has worsened over the past two years
As AI increases in sophisticoation at a frankly alarming rate, we will continue to see more sophisticated and smart AI-powered attacks. This will range from deepfake social engineering attempts
to automated malware that intelligently adapts in order to evade detection. At the same time, it will help us detect, evade or neutralize threats thanks to real-time anomaly detection, smart authentication and automated incident response.
https://spidernetworks.com/malicious-cyber-attacks/
Multi-Factor Authentication (MFA) will become a standard requirement for most online services and applications. Traditional methods like SMS-based MFA will decline in favor of more secure options, such as time-based
one-time passwords (TOTP) generated by authenticator apps. The move toward passwordless authentication will continue, reducing reliance on traditional passwords.
Methods like passkeys, biometrics, hardware tokens, or public-key cryptography will replace or supplement passwords for access to accounts and systems.
Cybersecurity will be a higher priority for law firms
Cybersecurity will be a higher priority for law firms
Michael Mumcuoglu, CEO and co-founder at CardinalOps:
More than a quarter of law firms in a 2022 American Bar Association survey said they had experienced a data breach — and a recent report published by the UK’s National Cyber Security Centre (NCSC) found that nearly 75%
of the UK’s top-100 law firms have been affected by cyberattacks. Today’s cybersecurity realities are increasingly recognized by professionals at law firms: highly sensitive data, a continuously evolving threat landscape
and an ever-increasing attack surface in corporate environments.
For nearly any law firm, part of the ‘big picture’ approach to cybersecurity includes an ability to scale detection and response capabilities. Being able to evaluate and optimize their detection posture is key towards building
a successful cybersecurity operation. Other areas of focus that law firms will prioritize in 2024 include their improvement of threat detection coverage for sensitive internal and client data — while reducing risk and vulnerabilities
for systems specific to how they do business — for example, document and file sharing software.
Phishing and BEC attacks are becoming more sophisticated because attackers are using personal information pulled from the Dark Web (stolen financial information, social security numbers, addresses, etc.), LinkedIn and other internet
sources
to create targeted personal profiles that are highly detailed and convincing. They also use trusted services such as Outlook.com or Gmail for greater credibility and legitimacy. And finally, cybercriminals have moved to more
multi-stage attacks in which they first engage by email, but then convince victims to speak or message with them over the phone where they can create more direct verbal trust, foster a greater sense of urgency, and where victims
have less protection. They are using AI to generate these attacks, but often with the goal to get you on the phone with a live person.
We should also expect the rise of 3D attacks, meaning not just text but also voice and video. This will be the new frontier of phishing. We are already seeing highly realistic deep fakes or video impersonations of celebrities and
executive leadership. As this technology becomes more widely available and less expensive, criminals will leverage to impersonate trusted contacts of their intended victims. In 2024 we will assuredly see a rise of 3D phishing and
social engineering that combines the immersion of voice, video, and text-based messages.
Prioritize training
Insider threats are a leading problem for IT/security teams — many attacks stem from internal stakeholders stealing and/or exploiting sensitive data, which succeed because they use accepted services to do so. In 2024, IT leaders will
need to help teams understand their responsibilities and how they can prevent credential and data exploitation.
On the developer side, management will need to assess their identity management strategies to secure credentials from theft, either from a code repository hosted publicly or within internal applications and systems that have those
credentials coded in. On the other hand, end users need to understand how to protect themselves from common targeted methods of attack, such as business email compromise, social engineering and phishing attacks.