Five Cybersecurity Trends Predictions for 2024

According to Cybersixgill, threat research experts, AI’s evolution will continually improve both organizations’ cyber defense efforts and cybercriminal activities. At the same time, increasingly complex regulatory requirements, continued consolidation of cybersecurity tools, a widening attack surface, and heightened global geopolitical issues will all play a significant role in driving the direction of cybersecurity. As organizations increasingly adopt Threat Exposure Management (TEM) – a proactive approach to cybersecurity – Cybersixgill believes that cyber threat intelligence (CTI) will emerge as a foundational component of TEM and play a central role as leaders across organizations make critical, strategic business decisions.

“Over the past year, we’ve witnessed significant developments in cybersecurity, including the emergence of generative AI and its ability to enhance organizations’ threat intelligence efforts, and the rise of Threat Exposure Management, a program of consolidation to identify and mitigate risk and strengthen cyber defense proactively,” said Sharon Wagner, CEO of Cybersixgill. “With these advancements, curated threat intelligence is gaining prominence and accessibility, delivering relevant, contextual data based on a company's attack surface and the effectiveness of its security stack. As security teams home their strategies against malicious actors, these trends will play an even bigger role in the coming year and beyond.”

Cybersixgill’s predictions for the top 2024 cybersecurity trends are as follows:

Prediction #1: AI will evolve to become more broadly accessible while cybersecurity vendors continue to address the reliability, diversity, and privacy of data.

AI’s value is rooted in the breadth and reliability of data, which Cybersixgill predicts will significantly improve in 2024 as AI vendors advance the richness and fidelity of results.

AI will become broadly accessible to practitioners, regardless of their skillset or maturity level.

As concerns for data privacy with AI grow, companies will form their own policies while waiting for government entities to enact regulatory legislation. The U.S. and other countries may establish some regulations in 2024, although clear policies may not take shape until 2025 or later.

Prediction #2: AI will be used as an attack tool – and a target. Black hat hackers will increasingly use AI to improve effectiveness, and legitimate use of AI will surface as a prominent attack vector.

Cybersixgill believes that in 2024, threat actors will use AI to increase the frequency and accuracy of their activities by automating large-scale cyberattacks, creating duplicitous phishing email campaigns, and developing malicious content targeting companies, employees, and customers.

Malicious attacks like data poisoning and vulnerability exploitation in AI models will also gain momentum, which cause organizations to provide sensitive information to untrustworthy parties unwittingly. Similarly, AI models can be trained to identify and exploit vulnerabilities in computer networks without detection.

Cybersixgill also predicts the rise of shadow generative AI, where employees use AI tools without organizational approval or oversight. Shadow generative AI can lead to data leaks, compromised accounts, and widening vulnerability gaps in a company’s attack surface.

Prediction #3: Tighter regulations and cybersecurity mandates hold the C-suite and Boards accountable for corporations’ cyber hygiene. Companies must prove vulnerability prioritization and risk management with evidence-based data.

In 2024, as attack surfaces widen and the frequency and scale of attacks grow, regulatory mandates will hold business leaders more accountable for their organization’s cyber hygiene. The C-suite and other executives will need a clearer understanding of their organization’s cybersecurity policies, processes, and tools. Cybersixgill believes companies will increasingly appoint cybersecurity experts on the Board to fulfill progressively stringent reporting requirements and conduct good cyber governance.

Changes to the Payment Card Industry’s Data Security Standard (PCI DSS) v. 4.0 will pressure retail, healthcare, and finance companies to follow the new reporting requirement by March 2024. These requirements will drive a more vital need for proactive threat intelligence to help mitigate risk, continuously identify gaps, and strengthen cyber hygiene.

Prediction #4: The need for proactive cybersecurity combined with continued tool consolidation will underscore the necessity of cyber threat intelligence in critical business decision-making.

Cybersixgill predicts that in 2024, more companies will adopt Threat Exposure Management (TEM), a holistic, proactive approach to cybersecurity, of which cyber threat intelligence (CTI) is a foundational component. As a result, they will need robust CTI solutions delivering focused insights to mitigate business and operational risk significantly.

Cybersixgill also predicts that the consolidation of CTI will gain prominence as it combines with other capabilities, including attack surface management, digital risk protection, and AI. CTI will be viewed as a strategic enabler as organizations assess incumbent vendors' benefits.

Prediction #5: Geopolitical and other issues will broaden attackers’ motivations beyond financial gain, resulting in a growing pool of targets, attack vectors, and tactics.

In 2024, 40 national elections will occur worldwide. As threat actors’ motivations stretch beyond financial gain, Cybersixgill predicts an uptick in attacks targeting entities without profit centers, such as schools, hospitals, public utilities, and other essential services, as bad actors aim to gain power and influence and cause general disorder.

Cybercriminals will increasingly offer their skills and expertise for hire through ransomware-as-a-service, malware-as-a-service, and DDoS-as-a-service offerings.

Affiliate programs will continue to grow as powerful cybercriminal gangs franchise their ransomware technology, scaling operations to a network of lesser-skilled individuals for distribution, making the extortion business accessible and profitable to a larger pool of threat actors.

Featured

  • Maximizing Your Security Budget This Year

    The Importance of Proactive Security Measures: 4 Stories of Regret

    We all want to believe that crime won’t happen to us. So, some business owners hope for the best and put proactive security measures on the back burner, because other things like growth, attracting new customers, and meeting deadlines all seem more pressing. Read Now

  • 91 Percent of Security Leaders Believe AI Set to Outpace Security Teams

    Bugcrowd recently released its “Inside the Mind of a CISO” report, which surveyed hundreds of security leaders around the globe to uncover their perception on AI threats, their top priorities and evolving roles, and common myths directed towards the CISO. Among the findings, 1 in 3 respondents (33%) believed that at least half of companies are willing to sacrifice their customers’ long-term privacy or security to save money. Read Now

  • Milestone Announces Merger With Arcules

    Global video technology company Milestone Systems is pleased to announce that effective July 1, 2024, it will merge with the cloud-based video surveillance solutions provider, Arcules. Read Now

  • Organizations Struggle with Outdated Security Approaches, While Online Threats Increase

    Cloudflare Inc, recently published its State of Application Security 2024 Report. Findings from this year's report reveal that security teams are struggling to keep pace with the risks posed by organizations’ dependency on modern applications—the technology that underpins all of today’s most used sites. The report underscores that the volume of threats stemming from issues in the software supply chain, increasing number of distributed denial of service (DDoS) attacks and malicious bots, often exceed the resources of dedicated application security teams. Read Now

Featured Cybersecurity

Webinars

New Products

  • PE80 Series

    PE80 Series by SARGENT / ED4000/PED5000 Series by Corbin Russwin

    ASSA ABLOY, a global leader in access solutions, has announced the launch of two next generation exit devices from long-standing leaders in the premium exit device market: the PE80 Series by SARGENT and the PED4000/PED5000 Series by Corbin Russwin. These new exit devices boast industry-first features that are specifically designed to provide enhanced safety, security and convenience, setting new standards for exit solutions. The SARGENT PE80 and Corbin Russwin PED4000/PED5000 Series exit devices are engineered to meet the ever-evolving needs of modern buildings. Featuring the high strength, security and durability that ASSA ABLOY is known for, the new exit devices deliver several innovative, industry-first features in addition to elegant design finishes for every opening. 3

  • ResponderLink

    ResponderLink

    Shooter Detection Systems (SDS), an Alarm.com company and a global leader in gunshot detection solutions, has introduced ResponderLink, a groundbreaking new 911 notification service for gunshot events. ResponderLink completes the circle from detection to 911 notification to first responder awareness, giving law enforcement enhanced situational intelligence they urgently need to save lives. Integrating SDS’s proven gunshot detection system with Noonlight’s SendPolice platform, ResponderLink is the first solution to automatically deliver real-time gunshot detection data to 911 call centers and first responders. When shots are detected, the 911 dispatching center, also known as the Public Safety Answering Point or PSAP, is contacted based on the gunfire location, enabling faster initiation of life-saving emergency protocols. 3

  • Luma x20

    Luma x20

    Snap One has announced its popular Luma x20 family of surveillance products now offers even greater security and privacy for home and business owners across the globe by giving them full control over integrators’ system access to view live and recorded video. According to Snap One Product Manager Derek Webb, the new “customer handoff” feature provides enhanced user control after initial installation, allowing the owners to have total privacy while also making it easy to reinstate integrator access when maintenance or assistance is required. This new feature is now available to all Luma x20 users globally. “The Luma x20 family of surveillance solutions provides excellent image and audio capture, and with the new customer handoff feature, it now offers absolute privacy for camera feeds and recordings,” Webb said. “With notifications and integrator access controlled through the powerful OvrC remote system management platform, it’s easy for integrators to give their clients full control of their footage and then to get temporary access from the client for any troubleshooting needs.” 3