Cybersecurity Forecast 2024 – Top 10 Emerging Challenges
Ask any business or individual and they will surely tell you how worrisome cybersecurity has become in this modern digital age. To make things worse, it seems like every single day is filled with news stories about disturbing cyberattacks.
What can we expect this coming year, then? Will concerns grow bigger or will there be fewer cases of these devastating issues? This article will delve into the cybersecurity forecast 2024, specifically the top 10 emerging challenges and threats that the world should be ready to face head-on.
1. Threat Detection with AI
Artificial intelligence or AI is poised to evolve into a cyber-sentry from being a mere tool in the digital realm. Algorithms for machine learning will get better in the identification of complex patterns. This will then help enhance the capacity to perform real-time detection and mitigation of sophisticated threats.
2. State-Sponsored Cyber Attacks and Cyberwarfare
Ukraine’s ongoing conflict that will be entering year three soon exposed which countries are capable and inclined to use cyber-attacks on civilian and military infrastructure alike this coming 2023. There is a high chance that in the up-and-coming military engagements taking place all over the world, there will be such a close interconnection among cyber warfare operations.
The existing strategies involved phishing assaults which are designed for illicit acquisition of system access for espionage and disruption purposes. These are also meant for distributed denial of service attacks to incapacitate transportation, public utilities, security, and communications infrastructure.
Aside from military conflicts, 2024 will also be a year that will see significant electrical events in numerous countries, including the UK, the US, and India. The result is that it’s expected that cyber assaults will see a surge to undermine the reliability of involved democratic processes.
3. Abuse of Weak Supply Chains
It’s not a secret in the cybersecurity field how fragile the supply chains of most companies have become, turning them into a targeted attack vector that brings about different crippling effects.
There’s an increasing number of cyberattacks on supply chains that call for updated regulations that will protect the networks and address the ever-growing issue. An international movement to collaborate between private sectors and governments is increasing together with the heightened need to pinpoint and target threat groups.
The weak supply chains give attackers the ripe chance to create one-to-many attacks. Thus, there’s a possibility that they will continue to pour more resources into it so you can almost expect that as part of cybersecurity forecast 2024, this front will be seeing further developments.
4. GPU Farming
With the soaring and continuous rise of generative AI, there’s a rapid increase in the cost of running such colossal models, possibly reaching tens of millions of dollars. This will only make hackers see a lucrative opportunity in cloud-based AI resources.
Their efforts will now become more centralized on developing GPU farms in the cloud to generate funds for their AI activities. Similar to how crypto mining primarily targeted computational cloud resources a few years back, 2024 is expected to see the rise of GPU farming as the newest and most in-demand target in the world of cloud-based cyberattacks.
5. IoT Cyber Attacks
As more devices communicate with one another and access the internet, cyber attackers also get more possible entries to exploit. With the continuous revolution of the work-from-home setup, the risks brought about by workers sharing data or connecting over incorrectly secured devices will also be a threat this 2024.
Most of the time, these devices are meant for convenience and ease of use instead of secure operations. Home consumer IoT devices are also at risk because of weak passwords and security protocols.
Since the industry was too slow in implementing IoT security standards even with the glaring vulnerabilities for the past several years now, it means that this will remain a weak spot in cyber security despite the recent changes it’s been going through.
6. Phishing Attacks on the Next Level
It’s expected that the sophistication of social engineering results will escalate. These assaults manipulate users into granting unauthorized system access. The use of generative AI tools, best shown in the form of ChatGPT, facilitates the capacity of more people to use more tailored and sophisticated methods in their attacks. As a result, it’s only expected that deepfake attacks will become even more prevalent in the coming year or even beyond.
In addition, the main focus of addressing this concern will be on fostering awareness across the organization and offering comprehensive education. But it’s still worth noting that the use of AI and the execution of zero-trust principles are anticipated to contribute to the endeavor more and more.
7. Automotive Hacking on the Rise
Today’s modern vehicles are equipped with automated software that allows seamless connectivity for the drivers in door lock, engine timing, cruise control, and more advanced systems for assistance. The vehicles also use WiFi and Bluetooth technologies for communication making them prone to different hacking threats and vulnerabilities.
Thus, it’s expected that 2024 will see the rise of gaining vehicle control and eavesdropping using microphones as automated vehicles almost become a norm. Autonomous or self-driving vehicles use more sophisticated mechanisms that need more stringent measures for cybersecurity.
8. Rise of Privacy Regulation
In addition to other trends in cybersecurity forecast 2024, it’s also anticipated that modern privacy regulation will cover most consumer data. Even with the increasing awareness of the benefits of privacy programs, only a few organizations are predicted to gain a competitive edge using privacy.
9. Social Engineering Attacks
There are increasing cases of social engineering attacks with attackers using methods like identity theft, spear phishing, and phishing to get their hands on sensitive data. Organizations must provide training to their employees that will help them identify and report suspicious activities. They should also implement measures that will serve as their protection from such attacks.
10. Collaboration Tools as New Targets
As consumers become more suspicious of scams on social networks, cybercriminals have resorted to communication tools. The pandemic saw an increase in the use of this software and cyberattackers are aware of how much sensitive data is found in these tools. Instead of spotting technical weaknesses in these tools for collaboration, hackers exploit users by mimicking these tools. This can take place both on platforms and as phishing attacks.
The cybersecurity forecast 2024 might not be as bright as people wanted it to be. However, with all the right measures and protocols in place, there’s still hope for a brighter and safer year ahead. Liked our article? Please comment and share around! 🙂
Cybersecurity Forecast 2024 – Top 10 Emerging Challenges