Cybersecurity Predictions for 2024 (1)

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Cybersecurity Predictions for 2024
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Summary

• With the upcoming New Year, it is time to prepare
  your company for the following cyber security
  challenges that will emerge with the innovations.
  This coming year, the rapid digitization of
  companies is expected to open the doors to
  significant concerns. Among the long list of
  opportunities, the very first is cyber security.
  The chances and risk of hacker attacks, cyber
  threats, and information theft are massive. These
  days, companies find themselves in a time of
  vulnerability. The cybercriminals took the
  opportunity to extort information, and the data
  can also be sold for the sake of money.With the
  post-pandemic effects, businesses are looking
  forward to shielding their digital assets from
  such malicious attacks and implementing robust
  strategies and tools to help them be prepared
  against web dangers and risk factors. Lets have
  a look at major predictions for cyber security
  that are entitled to the year 2024. The forecast
  concerns security and is at the centre of the
  strategic efforts.

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• The workplace was no exception to the visibility
  of the issues. In the pandemic, the government
  has ordered tens of millions of organizations to
  facilitate work from home as they sought to limit
  the virus spread. To accommodate this flood of
  remote working, IT departments raced against the
  clock so that they could build the necessary
  technology infrastructure.
• Now, its time to take a breath. The next
  challenge for IT leaders and CISOs is securing
  the newly acquired devices and services
  underpinning remote working. Monitoring and
  threat detection are one of the biggest
  headaches.
• Many workplaces deployed new hardware and
  software engineers to ensure the continuity of
  the business, leaving little time to integrate
  them into existing security workflows.

• The Visibility Challenge

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Supply Chain Risks Will Steal the Limelight

• Over the globe, several kinds of attacks lie in
  the long list of attackers the SolarWinds hack,
  the Accellion breach, and the Kaseya attack.
  These mega-breaches have demonstrated how easily
  threat actors can compromise with hundreds of
  organizations once they successfully breach a
  supply chains single link.
• The damages caused by supply chain attacks are
  significantly greater than other attack vectors.
  It has become a favourite amongst cybercriminals
  globally. It is predicted that the threat of
  supply chain attacks will still loom over
  organizations. Considering this, any organisation
  should consider third-party risk management a top
  priority.

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• Cyber warfare has already caught momentum in the
  current year, creating a rising need for
  cybersecurity as critical infrastructure with the
  increasing trends of digitization, including
  wildfire. Cyber awareness attacks have become a
  weapon for countries to express their opposition.
• It aims to achieve the respective regional
  interests and geopolitical objectives prominent
  nation-state actors in Russia, China, Iran, North
  Korea and various other countries will continue
  to maintain an aggressive posture in 2023.
  Multiple factors, such as rising geopolitical
  tensions, instability, and increasing access to
  cryptocurrencies, will considerably contribute to
  the growing number of politically-motivated
  attacks on nearly every industry.

• Cyber Warfare Will reach the New Height

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• There has been a rise in Supply-Chain attacks,
  and each attack is designed to create the maximum
  impact. As per the report of CSO, supply chain
  attacks, also known as value-chain or third-party
  attacks, occur when gaining access to a threat
  actor to a system through a third-party or
  outside provider that has access to the said
  system or data. SolarWinds, a software
  development company, unknowingly sent out
  infected software updates to their customers.
  This led to a wave of strategic infections.
  Supply chain attacks are a domino effect that can
  cause damage to an entire supply chain.
• It is a belief among Cybersecurity experts that
  more cases will emerge in 2023. They will be
  causing damage to the compromised company and its
  customers. Threat actors will utilise this type
  of attack to their advantage. Thus, adopting a
  more secure and advanced cybersecurity system
  becomes essential.

• Supply-Chain Attacks

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• If in case the password managers are hacked,
  there would be an incredible score for any threat
  actor that is seeking to attain access to
  accounts for a variety of purposes. This monetary
  gain might be looking for credit cards stored as
  secured notes or bank account details.The
  possibilities are endless. The threat actors are
  also expected to target password managers in
  2023. It is more likely to visualize a
  significant hack against a central password
  manager that will result in millions of passwords
  being dumped at scale.
• Password managers contain a considerable portion
  of our digital lives. But, if a threat actor can
  bypass our chosen password managers security
  controls and access our information, our secure
  passwords wont matter much.
• FnCyber is the best IT cyber security solutions
  provider, which offers various cyber services
  under one roof. So, what are you waiting for
  contact us now!

• Threat actors will target password managers

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Thank You