1. The rise of artificial intelligence in cyberattacks.
Governments and international organisations will be forced to roll out new guidelines embedding artificial intelligence in their cybersecurity strategies. Artificial intelligence (AI) has become a powerful tool in our security toolboxes and 2024 could see it exploited more than ever by cybercriminals. Automated attacks bypassing security measures by adapting in to them in real-time may then become the norm and businesses will need to look into how to bolster their defences with increasingly intelligent detection and prevention systems.
2. The development of NDR technologies (Network Detection and Response) to boost enterprise security.
Technological advancements will need to be matched by more effective and scalable enterprise security solutions. NDR (Network Detection and Response) solutions allow the continual collection of network traffic data, are more powerful and precise when it comes to identifying and responding to threats, and are very popular among European IT decision makers. While EDR (Endpoint Detection and Response) solutions remain the go-to choice for the majority of decision makers (62%), 55% of them use NDR as their main tech in their fight against threats.
3. More sophisticated ransomware attacks.
It’s expected that ransomware attacks will become more refined over the course of 2024 as cybercriminals set their sights on critical infrastructure and large organisations. Hackers will probably resort to double extortion tactics (when cybercriminals steal files and then encrypt them) before threatening to publish sensitive data. Businesses need to shore up their defences, draw up response plans and raise awareness among their employees to ensure they are prepared. It’s also important to remember that 90% of cyberattacks are the result of human error.
4. The Internet of Things (IoT) drives up threats.
The ceaseless spread of IoT devices will give cybercriminals a whole host of potential targets. Attacks on networked medical devices, smart home systems and intelligent cars could pose a risk to users’ security and privacy. Manufacturers must, therefore, build robust security mechanisms into their products from the ground up and users must be aware of the risks of using these networked devices.
NIS2, CRA and DORA are the acronyms that will permeate in 2024 as these directives will be rolled out this year in order to optimise enterprise cybersecurity.
Here’s a quick look at what they mean:
- NIS2 – This directive is scheduled to come into effect during the second half of 2024 at the latest with the aim of boosting cybersecurity at thousands of companies—from SMEs with 50+ employees and €1 million+ turnover to large corporations listed on the CAC40.
- DORA (Digital Operational Resilience Act) – An EU Directive that will come into force in January 2025. The aim is to boost the operational integrity of companies working in the financial, banking and insurance sectors to ensure that they can continue to operate even after a cyberattack.
- CRA (Cyber Resilience Act) – There is no fixed timetable for this act being rolled out, but we can assume it will result in manufacturers, importers and distributors of networked devices having to comply with tougher security standards.
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THE BOTTOM LINE.
When it comes to cybersecurity, 2024 promises to be full of challenges. In the face of new threats, it is critical that companies, governments and users take a proactive approach and boost their defences, stay up-to-date on technical developments and work together to make cyberspace a much safer place.
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