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Guide to 2024 Cybersecurity: Trends, Threats, and Strategies


Branko Džakula

April has arrived, and the digital world is still feeling the shockwaves from what’s being called the “Mother of all Breaches” (MOAB). This massive breach exposed 26 billion records and merged several old breaches into a single database of 12 terabytes. It’s not just another news story; it’s a serious wake-up call showing us how sophisticated and interconnected cyber threats have become.MOAB is especially troubling because it mixes old and new data. This means that more people are now at risk of identity theft, phishing, and other cyberattacks, prompting an urgent need for stronger cybersecurity measures across the board. As we tackle the aftermath of MOAB, let’s explore the main cybersecurity trends of 2024, focusing on enhancing our defenses and readiness for future threats.


Cybercrime: A Booming Business

Cybercrime is more organized and profitable than ever. Cybercriminal groups operate like well-oiled machines, investing in advanced technologies to launch complex attacks. Ransomware, where attackers lock and steal data to demand ransom, has become a key strategy for them. The cost of cybercrime is expected to reach trillions annually, which is comparable to the GDPs of major economies. This year, we anticipate more of these sophisticated attacks, pushing companies and governments to step up their security game.


Ransomware: Evolving Threats

Ransomware attacks are getting sharper and more harmful. Cybercriminals are now stealing sensitive information before locking the systems, which increases their bargaining power. This makes sectors like healthcare and infrastructure prime targets, as the fear of public exposure or operational halts can force quick payouts.

Mobile Security: A Growing Concern

With the increasing use of smartphones for everything from shopping to running businesses, securing mobile devices has become critical. Cybercriminals are now targeting mobile platforms, exploiting weaknesses in apps and systems. This year, expect to see stronger security measures tailored for mobile devices, including better authentication processes and specialized training for users.


AI: A Double-Edged Sword

Artificial Intelligence (AI) is playing a crucial role in cybersecurity. On one hand, AI helps create more effective security tools that can detect and respond to threats faster. On the other hand, cybercriminals are also using AI to launch more sophisticated attacks. This means the competition between cyber defense and cyber offense is heating up, with AI at the forefront.


Zero Trust: The New Normal

The concept of “zero trust” is becoming a fundamental security approach. It means that no one is trusted by default, whether inside or outside the network, and everyone must be verified to access network resources. More organizations are expected to adopt this approach to safeguard against both internal and external threats.


Privacy-Enhancing Technologies on the Rise

As concerns over data privacy grow, technologies that enhance privacy without sacrificing data utility are becoming more popular. These tools are particularly valuable in industries like healthcare and finance, where sensitive data is often handled. Expect more organizations to adopt these technologies this year.


Demand for Cybersecurity Skills

There’s a huge demand for skilled cybersecurity professionals, and it’s only growing. Companies are not only looking for technical skills but also for professionals who can integrate security into business strategies. To fill this gap, organizations are focusing more on training and innovative staffing solutions. UN1QUELY is focusing on building skilled individuals through its academy.


Supply Chain Vulnerabilities

As companies become more interconnected, their risk of being attacked by less secure partners increases. Attackers exploit these links to target multiple organizations at once. Therefore, securing the entire supply chain is becoming more critical, and companies are taking steps to ensure comprehensive security that covers all their partners, sub-processors, and suppliers.


Regulation and Compliance Tightening

As cyber threats evolve, so do the laws and regulations meant to counter them such as EU regulations NIS2 & DORA, new ISO 27001 standard version, TISAX framework updates and so on. This year, we’re seeing stricter rules around data protection and cybersecurity, requiring organizations to adapt quickly to stay compliant and avoid penalties.


Expanding IoT Security

The Internet of Things (IoT) is expanding, which brings new security challenges. From smart home devices to industrial sensors, the growing number of connected devices needs robust security measures to prevent breaches.


Conclusion

As we navigate through 2024, understanding these cybersecurity trends is crucial for anyone looking to strengthen their defenses and protect against sophisticated digital threats. Our partner UN1QUELY, part of the BrightMarbles Group, is always ready to help. Whether you’re dealing with ransomware, supply chain issues, or other digital threats, they offer comprehensive services to ensure your digital assets are secure and your business is prepared for whatever lies ahead. Don’t wait for a breach to recognize the importance of cybersecurity. Contact UN1QUELY to see how they can help you stay safe and thrive in today’s digital world.

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