6 Cybersecurity Trends To Keep Track In 2024

 

Every 39 seconds a cyber attack occurs, crippling small businesses and causing financial losses for big organizations. Shockingly, the ignorance of cybersecurity trends is the major cause of cyber attacks. The stats suggest that 95% of human errors are the main cause of cyber security breaches.

Keeping this in view, we have crafted the list of top trends in cybersecurity 2024 to make your systems safe. Also, after reading this blog you will know the: 

• Types of Cybersecurity Trends
• Latest trends in cybersecurity
• Simple tips & tricks to save yourself 
• Cybersecurity trends of 2024

Let’s kick off with what are cybersecurity trends after all.

What Are Cybersecurity Trends?

Cybersecurity trends can be defined as the process of protecting data from unauthorized or unethical means like hackers. With the latest technologies such as AI and automation, Cloud security, and IoT security we can protect our systems.

However, technological advancement has also increased the complexity of the attacks. Causing the companies to strengthen their defense mechanism from data to network protection. 

This also gives rise to types of cyber security trends given below.

Types Of Cyber Security Trends

The types of cyber security trends are for organizations to pay attention to security challenges associated with a distributed workforce. This essentially means:

• Identifying security threats 
• Mitigating new security vulnerabilities
• Implementing new security protocols
• Proper documentation & monitoring

Keeping in view the emerging cyber security trends let’s see the types of trends.

1. Network Security

This method protects a computer network from hackers, and intruders whether they are intentional hackers or opportunistic malware.

2. Application Security

It focuses on preventing malware from infiltrating devices & software because the compromised program can grant access to the data.

3. Data Privacy

Data privacy is securing personal data from unauthorized access and giving individuals control to decide who can access their data.

4. Operational Security

In this, the analysis of threats, risks & vulnerabilities is done, this stops the sensitive information from getting into the wrong hands.

5. Data Recovery

It is the process of restoring the data that might get lost or become inaccessible due to computer viruses, malware, or ransomware.

6. End-user Education

This focuses on educating users regarding cybersecurity best practices to halt their participation in any malicious activity.

Below are six cybersecurity trends that are going to rule the cybersecurity world on the basis of the types above.

6 Cybersecurity Trends You Can Expect In 2024

The latest cybersecurity trends determine the trajectory of the industry. So with the help of our technical experts who have dealt with 300+ projects, we have crafted this list of cybersecurity threat trends. Read and save your organization from every possible threat present out there.

So the first one is:

1. Ransomware-as-a-Service (RaaS)

In ransomware attacks, cybercriminals encrypt the victim's data and ask for ransom in exchange for release. Also, in the second quarter of this year alone, there were 1,378 organizations that faced ransomware data leaks. Therefore, making Ransomware-as-a-Service (RaaS) platforms mandatory for organizations.

After discussing strategies to anticipate cybersecurity trends, it becomes essential for businesses to evaluate their defenses not only in response to threats but also in terms of cost-effectiveness. Utilizing a ROI calculator for cybersecurity helps in measuring the return on security investments by comparing the costs incurred to potential losses avoided. This quantifies how financial resources directed towards cybersecurity effectively fortify and secure vital digital infrastructures.

⚠️ This year the ransomware attack on Scandinavian Airlines (SAS) disabled its website and app & ransom started at $3,500 but increased to $175,000.

 

 

How to protect yourself against ransomware?

You can protect yourself against ransomware by

• Deploying a data recovery plan for all critical information. 
• Perform or test regular backups to limit the impact of data or system loss.
• Always keep your operating system up to date with the latest patches.
• Maintain up-to-date anti-virus software.
• Limit users' ability to install and run unwanted software applications.
• Disable the user's ability to enable macros in email attachments.

2. AI-Fueled Cyber Attacks

The second among the cybersecurity trends in 2024 is AI-powered cyber attacks. The rise of AI has also given cybercriminals the power to generate more sophisticated attacks. These attacks bypass traditional security measures, for example, realistic phishing emails. This can easily deceive users or produce malware that can adapt the behavior and easily escape detection from security software.

⚠️ In 2017, the famous WannaCry ransom attack that affected 200,000+ computers in 150 countries had an AI-powered worm.

 

How to protect yourself against AI-powered cyber-attacks?

Here are the steps you can take to protect yourself from cyber-attacks.

• Ensure the security of your cloud environments by employing a firewall, and anti-virus software. Such as FIPS 140-2 Level 3, and point-to-point encryption. 
• Deploy AI security solutions to identify shadow data as well as to monitor abnormalities.
• If you are using AI-powered services then closely monitor API usage to assess excessive or suspicious activity.
• Implement authentication controls & rate limits to prevent unauthorized access to AI models.
• Install high-level threat protection solutions that can block and identify malicious emails.
• Assess the authenticity of AI models before integrating them into your systems.

3. Cloud Jacking

The cloud for several years has become the more attractive target for cybercriminals. This is mainly due to companies shifting their data and infrastructure to the cloud. It is the practice of gaining unauthorized access to a company’s cloud infrastructure and exploiting it for financial gain.

⚠️ At the start of 2024, ​​Toyota’s two million customers’ data was exposed due to misconfigurations in its cloud storage systems.

How to protect your Cloud system or infrastructure?

These are the steps you can take to save yourself from Cloud jacking.

• Employ robust and distinct passwords for all your cloud accounts.
• Deploy Multi-Factor Authentication (MFA), this will add an extra layer of security.
• Make sure to update and patch your software
• Implement data encryption to secure sensitive information in your cloud environment.
• Deploy firewalls & intrusion detection systems.
• Maintain visibility with regular security audits and consistent monitoring. 
• With regular data backups make sure to prevent data loss incidents.

4. Deepfakes & Disinformation

Among the latest cybersecurity trends is another famous one, Deepfakes. That has been the talk of the town since its origin. It is an artificial image or video produced from a special kind of machine learning called “deep” learning. These deep fakes can be utilized in spear-phishing campaigns to impersonate C-suits, executives, or other high-profile individuals. It can be used to spread disinformation, trick employees or subordinates into revealing sensitive information, and transfer funds. 

⚠️The British energy firm’s CEO was deceived into transferring $243,000 by a voice Deepfake impersonating the leader of their parent organization.

How to save yourself or your business from Deepfake?

These are the things you can do to save yourself and your employees from Deepfakes.

• Train them to detect certain points and queues
• The signs can be jerky movement, shift in skin tone & lightening, no blinking, digital artifacts in the image, and less sync between speech & lips.
• Get software tools that look for AI-generated glitches and patterns.

5. IoT  Security

The Internet of Things (IoT) devices are vulnerable to network attacks such as data thefts, spoofing, and denial of service attacks (DDoS attacks). This can generate other cybersecurity threats such as ransomware attacks and serious data breaches. IoT is the network of interrelated devices that link up and exchange data with other IoT devices- causing a chain reaction once attacked. Attackers may obtain the control of a device, mug sensitive data, or utilize the device as a part of a botnet for other hostile purposes.

⚠️In 2016, an IoT botnet (an interconnected network of computers, each of which runs bots) was used to attack Internet performance management services provider Dyn. It was the worst DDoS attack that caused several major websites such as CNN, Netflix, and X (previously Twitter) to go offline.

 

How to protect my IoT devices?

There are a few small things you can do to protect yourself from these threats.

• Whilst setting up a new IoT device, disable the access and connectivity features.

• If you are not using your remote access feature then delete it before it makes your device compromisable.

• Install Multi-Factor Authentication (MFA) to ensure the security of your device.

• Use strong Wi-Fi encryption because if your home or office internet is not safe then you are highly vulnerable.

• Network segmentation works by separating your network into multiple isolated chunks, each with a separate device on it. Here the devices can’t access devices or data outside their segment of the network. 

• Monitor the activity on your network with the help of Network traffic analysis tools. Many cybersecurity platforms also allow you to detect unfamiliar network events. 

6. Organizations Outsource Cybersecurity

The rise in technology has also resulted in an exponential increase in cyber attacks. With the environment getting more noisier it has become easier for attackers to intentionally create distractions. Encouraging the companies to create sturdy mechanisms to secure themselves.

However, inflation has made it difficult for companies to hire and maintain a full-fledged cybersecurity team. So instead of walking on eggshells, many companies are outsourcing their day-to-day operations to consulting firms or virtual CISOs. This is an effective and cost-efficient method.

Why should an organization outsource its cyber security?

The reasons why companies should outsource their cyber security are given below:

• Outsourcing cyber security services costs $2,000 - $3,500 per month or can be less depending upon your company's needs. In contrast, having an in-house team can cost $7500. So it is cost-effective to outsource!
• These teams are dedicated to protecting, eventually minimizing the risk, and also increasing efficiency.
• Cyber security teams guarantee quicker threat detection and earlier implementation of emerging technologies.

So, these were the 2024 cybersecurity trends. Now check out the trends that are going to dominate in the future.

Future Cybersecurity Trends In Coming Years

The cyber security world is always evolving and it can be difficult to stay ahead of the curve. Yet knowing in advance can help you shield yourself from the imminent dangers. Here are the latest trends in cybersecurity in the next years.

1. Artificial & Machine Learning

Like current cybersecurity trends, Artificial Learning (AI) and Machine Learning (ML) will be on the top in 2024 too. And are expected to play a crucial role in detecting and preventing cyber-attacks in real time.

2. Zero Trust

The zero trust model believes that individuals, devices, and services seeking access to a company's resources, even those inside the network, should not be trusted. The users are verified every single time when they enter the network.

3. Cloud Security

With organizations embracing the cloud in large numbers, cloud security solutions are going to be in demand. Moreover, becoming the mandatory aspect of their cloud infrastructure helps them in data encryption, access control, and threat detection. 

4. IoT Security

The importance of IoT security will surge as the quantity of IoT devices expands. Moreover, IoT security measures encompass device validation, detection of potential threats, and data encryption.

5. SecDevOps

It is the collaboration of DevOps and security teams to ensure that security is integrated seamlessly into all phases of the software development lifecycle (SDLC). This approach is to build a security-centric culture.

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Frequently Asked Questions

1. What are the important trends in cyber-crime?

Cyber attacks are on the rise and are becoming more sophisticated and expensive. The key trends in cybercrime involve the following

• Ransomware attacks
• AI & IoT
• Nation-sponsored hacking
• Exploitation of remote work vulnerabilities
• Supply chain attacks

2. What are the 5 types of cyber risks?

The five types of cyber risks that can jolt the world of cyber security are

• AI-Fueled Attacks: The threat actors utilizing the power of AI can aid in crafting malware or executing an assault.
• Ransomware Attacks: These attacks on financial & health institutions will be common &  their suggested cost is $42B.
• Data Breaches: The unauthorized access or disclosure of sensitive data is because of the increased complexity of attacks.
• Phishing: Misleading emails or messages to trick users into revealing personal data will be prevalent.
• Insider Threats: Negligence of employees will give rise to insiders making their systems vulnerable.

3. What are Gartner's top cybersecurity trends for 2024?

According to Gartner, the renewed focus on the human element will continue to grow among 2024’s cyber security trends.

• Threat Exposure Management.
• Identity Fabric Immunity.
• Cybersecurity Validation.
• Cybersecurity Platform Consolidation.
• Security Operating Model Transformation.

4. What are the emerging trends in cyber security?

Businesses around the globe face an increasing array of cybersecurity threats. The emerging ones are

• Ransomware-as-a-Service (RaaS)
• AI-fueled attacks
• Cloud jacking
• Deepfakes & Disinformation
• Internet of Things (IoT) Security
• Organizations Outsource Cybersecurity