With the rise in the digital industry businesses and government entities have been turning more toward computerized to increase their efficiency and in their day-to-day operations. As a result of this, businesses have been implementing cybersecurity strategies as their top priority. This is done to protect their information and databases from various online cyber-attacks. It also restricts users from gaining unauthorized access. Following news articles we can analyze that there is a rise in the amount of cyber attacks and data breaches which is a result of the rise in technology.
Automotive Hacking
With the current advancements in technology, automobiles have become so advanced. They have been installed with automated software that controls functions such as airbags, cruise control, air conditioning in the car, and several other systems that exist in a vehicle.
These functions require wifi and Bluetooth connectivity which creates a security flaw since they can easily be hacked. With the increasing amount of autonomous vehicles in 2023, there is an expected rise in attempts to hack into vehicles and gain control of them.
Potential of Artificial Intelligence (AI)
As technology continues to advance, they have been growing in the marketing industry, and the use of machine learning has brought a lot of developments for cybersecurity. AI has helped develop automated security systems, threat detections, face detection, and much more. Machine learning technology has also created threat detection systems that can instantly identify and predict attacks. This is done on a database and will notify admins whenever necessary. However, AI has also been used to develop malware attacks to get past security protocols.
Mobile is the New Target
Cybersecurity has allowed for a 50 percent increase in risks for mobile malware making serious threats towards our mobile devices as potential hackers can get access to them much easier than before. Potential hackers could gain access to our photos, banking applications, and even messages which creates a serious threat to people.
Cloud is Also Potentially Vulnerable
As businesses continue to implement cloud systems within their organizations, the increased need for security is required to continuously monitor and guard databases to avoid data leaks. Cloud applications from Google and Microsoft are equipped with the best security policy however the user end is what acts as a source for errors and malware attacks.
Targeted Ransomware
Targeted Ransomware is becoming increasingly popular in developed countries and businesses that rely on software to perform their daily activities. These types of ransomware are more focused on specific individuals or businesses such as the Wanna Cry cyberattack which was a targeted ransomware towards hospitals in England that corrupted around 70000 medical devices across the country. Ransomware demands its victims to pay a certain amount or threatens them to leak their data publicly
Multifactor Authentication
Multifactor Authentication is a security measure that allows users to have more than one form of authentication to log in to their account. This layer of security reduces the risk of cyber attacks since it requires the attacker to have more information than just the general login details of the victim.
Cloud Security
As companies continue to transition towards cloud computing, they need to understand the importance of its security as well. It is known that cloud providers implement the best security practices within their cloud infrastructure. However, it should also be your responsibility to consider the protection of your data on the cloud.
To successfully implement cloud adaptation, putting adequate countermeasures against modern cybersecurity threats is what will make cloud computing as secure as possible. Regardless of whether your business is private, public, or following a hybrid cloud model, web security practices are crucial to ensure business continuity.
Deepfakes and Misinformation
Deepfakes have already been revolving around the internet spreading false information to deceive the general public. In 2024 we can expect cyber attacks with the use of deep fakes to be used maliciously such as creating fake videos on attending video calls with deep fakes or manipulating voice audio clips.
Deep fakes can also be used in phishing by trying to impersonate a high-profile employee. For example, creating a deep fake of a senior employee in an organization can be used to deceive employees into sending out sensitive information that can impact the business’s activities.
5G and the Internet of Things
With the widespread use of 5G technology, it will lead to an increase in the number of devices connected to the network. This will make the Internet of Things an even more important part of our daily lives. Although the Internet of Things creates a convenient and efficient lifestyle it does open up the possibility of increased cyber attacks.
As 5G continues to roll out we expect to see an increase in cyber attacks in 2024. Cyber-attacks would be focused on targeting weak points of the Internet of Things devices and we can expect coordinated large-scale attacks.
Remote Work
Remote work has been becoming increasingly popular ever since 2019 and has created a relaxed working environment for businesses. However, cyber attackers have been taking advantage of this by using cyber attacks to compromise networks.
Remote workers may use unsecured devices which can lead to potential risks of cyber attacks. They could also be connected to unsecured networks which further increases the problem of cyber threats. This can result in data breaches if not properly protected.
Cyber Insurance
With the increase in risks of cyber attacks, some companies have developed to mitigate these risks and they are known as cyber insurance. Organizations depend on cyber insurance to minimize their losses and protect their data.
Obtaining full coverage protection will allow you to maximize the security measures you take and is becoming mandatory to do so. To get full coverage, you as an organization must also show that you are taking measures to protect your data. This may be difficult for small and medium-sized businesses as they may require help maintaining the level of protection required for full coverage.
Attack detention tools are not a luxury anymore
A cyber attack can lead to many complications and cost a lot if proper security measures are not in place. A data breach can cost an organization millions of dollars depending on the type of attack. It can also affect the reputation of the company as the organization would expect to lose some of its customers.
The only way to reduce these risks to for organizations to make sure that they can identify unusual activity immediately within the organization’s online ecosystem. This is why the use of machine learning technology is being implemented within cyber security.
Final Thoughts
Throughout this article, we were able to discuss the latest trends in cybersecurity and how they affect businesses and individuals. Understanding these cyber security trends will allow you to be more aware of the risks of these attacks. You should consider implementing security measures.
Businesses must invest in high-end cyber security systems to avoid complications and risks of data breaches. If you are unaware of to proceed you can always reach out to us to help you guide you through your web development journey.
FAQs
What are the best practices for cyber security?
Some of the best practices would be to start using strong passwords, regularly monitoring, and keeping software up to date. To further increase your security you could start using two-factor authentication methods to login to your accounts. This adds an extra layer of security and also encrypts your data.
What is cloud security?
Cloud security is the measures taken to protect the database that is stored on a cloud server. Data is protected against data breaches and other cyber attacks. The purpose of cloud security is to ensure that data stored on the cloud is confidential and well-protected.
What are cyber threats that occur from remote work?
Common cyber threats that occur from remote working include:
- Phishing emails
- The use of poor passwords
- Connection to an unsecured Wi-Fi
- Exposure to third-party software.
What are some exclusions that we should expect in cyber insurance policies?
Some of the exclusions of cyber insurance would generally include
- Acts of war
- Terrorism
- Poor security measures within an organization
- Third-party exclusions
- Damage to physical properties
- Fines and penalties
How can we stay up to date with the latest cybersecurity trends?
You can stay up to date with the latest cybersecurity trends by reading newsletters, and news articles. You can attend webinars, attend cybersecurity events, listen to podcasts, or even blog posts just like this one!
