As the world becomes increasingly interconnected and reliant on technology, the threat landscape continues to evolve at an unprecedented pace. In 2024, we can expect to see a continuation of this trend, with cyberattacks becoming more sophisticated, widespread, and damaging. Below are some key predictions for security and cybersecurity in 2024, providing insights into the evolving threat landscape and the emerging trends organizations must be aware of to protect their assets and data.
Disaster recovery will become a vital piece of the security puzzle
Disaster recovery (DR) and incident response planning will be a bigger part of security conversations moving forward. Why? Because reactive protection, detection and response strategies are only part of a comprehensive cybersecurity readiness posture. For reference, the National Institute of Standards and Technology (NIST) Cybersecurity Framework includes identify, protect, detect, respond, and recover. Proactive preparation and business continuity strategies need to book end reactive strategies.
If the recent MGM breach has taught the industry anything, it’s that even the best-protected organizations can be breached by a determined attacker. Leaders must dedicate more attention and budget to post-attack recovery strategies — in addition to prevention and detection measures — in the new year.
AI widens organizational attack surfaces, but it’s also improving ransomware detection
As many cybersecurity experts have pointed out, innovative tools like GenAI can generate more refined and successful cyberattacks, both through more nuanced hacker tactics and increased organizational vulnerabilities. However, in 2024, we will also see organizations adopting GenAI to improve their cybersecurity posture. Broad event correlation via machine learning and AI leads to faster event resolution and detection by detecting ransomware at the behavioral level, identifying suspicious key generation, shadow copy checks, and encryption tests. These applications will develop and expand further in the new year, leading to more informed cybersecurity strategies.
The ratio of breached organizations to non-breached organizations will narrow in 2024
In 2024, more than 50% of organizations will suffer a breach. The scale and cost implications of these breaches, however, will vary, increasing the importance of cybersecurity risk assessment. What investment costs are required to prevent, respond, and recover business intelligence after a breach? How do those costs stack up to the inevitable costs of a breach, including long-term losses like customer loyalty and brand reputation damages? Next year, organizations that answer these questions by consulting with a cybersecurity partner to determine effective risk mitigation will benefit significantly.
As we move forward into 2024, it is clear the cybersecurity landscape will remain ever-changing and complex. Organizations must be prepared to adapt and evolve their security strategies to stay ahead of the latest threats and protect their critical assets. By investing in the right security solutions, implementing robust security policies and procedures, and educating employees about cybersecurity best practices, organizations can significantly reduce their risk of falling victim to a cyberattack. By embracing a proactive and comprehensive approach to cybersecurity, organizations can ensure they are well-positioned to defend themselves against the evolving threat landscape in 2024 and beyond.