Uploaded on Apr 10, 2024
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Cybersecurity Predictions for 2024
Cybersecurity
Predictions for
2024
Summary
With the upcoming New Year, it is time to prepare your company for the following cyber security
challenges that will emerge with the innovations. This coming year, the rapid digitization of companies is
expected to open the doors to significant concerns. Among the long list of opportunities, the very first is
cyber security. The chances and risk of hacker attacks, cyber threats, and information theft are massive.
These days, companies find themselves in a time of vulnerability. The cybercriminals took the
opportunity to “extort” information, and the data can also be sold for the sake of money.
With the post-pandemic effects, businesses are looking forward to shielding their digital assets from
such malicious attacks and implementing robust strategies and tools to help them be prepared against
web dangers and risk factors. Let’s have a look at major predictions for cyber security that are entitled
to the year 2024. The forecast concerns security and is at the centre of the strategic efforts.
The workplace was no exception to the visibility of
the issues. In the pandemic, the government has
ordered tens of millions of organizations to
facilitate work from home as they sought to limit
the virus’ spread. To accommodate this flood of
remote working, IT departments raced against the
The Visibility Challenge clock so that they could build the necessary
technology infrastructure.
Now, it’s time to take a breath. The next challenge
for IT leaders and CISOs is securing the newly
acquired devices and services underpinning
remote working. Monitoring and threat detection
are one of the biggest headaches.
Many workplaces deployed new hardware and
software engineers to ensure the continuity of the
business, leaving little time to integrate them into
existing security workflows.
Over the globe, several kinds of attacks lie in
the long list of attackers: the SolarWinds hack,
the Accellion breach, and the Kaseya attack.
These mega-breaches have demonstrated how
easily threat actors can compromise with
hundreds of organizations once they
successfully breach a supply chain’s single link.
Supply Chain Risks Will The damages caused by supply chain attacks
Steal the Limelight are significantly greater than other attack
vectors. It has become a favourite amongst
cybercriminals globally. It is predicted that the
threat of supply chain attacks will still loom
over organizations. Considering this, any
organisation should consider third-party risk
management a top priority.
Cyber warfare has already caught momentum in
the current year, creating a rising need for
cybersecurity as critical infrastructure with the
increasing trends of digitization, including wildfire.
Cyber awareness attacks have become a
weapon for countries to express their opposition.
Cyber Warfare Will reach the
It aims to achieve the respective regional
New Height interests and geopolitical objectives; prominent
nation-state actors in Russia, China, Iran, North
Korea and various other countries will continue to
maintain an aggressive posture in 2023. Multiple
factors, such as rising geopolitical tensions,
instability, and increasing access to
cryptocurrencies, will considerably contribute to
the growing number of politically-motivated
attacks on nearly every industry.
There has been a rise in Supply-Chain attacks, and
each attack is designed to create the maximum
impact. As per the report of CSO, supply chain
attacks, also known as value-chain or third-party
attacks, occur when gaining access to a threat actor
to a system through a third-party or outside provider
Supply-Chain Attacks that has access to the said system or data.
SolarWinds, a software development company,
unknowingly sent out infected software updates to
their customers. This led to a wave of strategic
infections. Supply chain attacks are a domino effect
that can cause damage to an entire supply chain.
It is a belief among Cybersecurity experts that
more cases will emerge in 2023. They will be causing
damage to the compromised company and its
customers. Threat actors will utilise this type of attack
to their advantage. Thus, adopting a more secure and
advanced cybersecurity system becomes essential.
If in case the password managers are hacked, there
would be an incredible score for any threat actor that is
seeking to attain access to accounts for a variety of
purposes. This monetary gain might be looking for
credit cards stored as secured notes or bank account
details.The possibilities are endless. The threat actors
Threat actors will target are also expected to target password managers in
2023. It is more likely to visualize a significant hack
password managers against a central password manager that will result in
millions of passwords being dumped at scale.
Password managers contain a considerable portion of
our digital lives. But, if a threat actor can bypass our
chosen password manager’s security controls and
access our information, our secure passwords won’t
matter much.
FnCyber is the best IT cyber security solutions
provider, which offers various cyber services under one
roof. So, what are you waiting for contact us now!
Thank You
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