Inside the Matrix - Predictions for 2024 in Cyber

Inside the Matrix - Predictions for 2024 in Cyber

We've decided to have some fun with creative blogs called "inside the Matrix". Our CriticalMatrix | MatrixVentures team share insightful details on #cybersecurity #digital #data #governance and #AI trends for 2024 and what we think you need to expect in the upcoming year!

Here are the top 8 trends we think you should pay attention to in 2024.

1. Introduction:

  • Cybersecurity remains a dynamic and challenging field. The Deloitte 2023 Global Future of Cyber Survey reveals that threats vary significantly across regions, demanding tailored cybersecurity strategies.

2. Ransomware Continues to Dominate:

  • Ransomware remains a critical threat, growing 41% in breaches and taking longer to contain. These attacks are not only more frequent but also more complex, making them harder to resolve.
  • Microsoft reports a significant rise in human-operated ransomware attacks, emphasizing the need for organizations to enhance their preparedness against such threats.

3. The Rise of Cybercrime-as-a-Service:

  • Cybercrime-as-a-service is expanding, offering tools that lower entry barriers for cybercriminals. This trend suggests a potential increase in cyber attacks from less experienced attackers, especially in regions facing economic downturns.

4. Zero Trust and Its Implementation Challenges:

  • Zero trust frameworks are evolving from a concept to a best practice, especially with the rise of hybrid work. However, implementing these frameworks can be challenging, and any missteps could lead to security gaps.

5. Social Engineering and ICS Systems:

  • Social engineers are increasingly targeting Industrial Control Systems (ICS), which are crucial to industrial manufacturers. The consequences of successful attacks on these systems can be severe, including potential loss of life.

6. Evolving Threats Against New Security Technologies:

  • Adversaries are quickly adapting to new security tools, targeting technologies like Multi-Factor Authentication (MFA) and Endpoint Detection and Response (EDR) to exploit any weaknesses.

7. Microsoft’s Focus on Cloud Security:

  • Microsoft emphasizes the importance of basic security hygiene in cloud environments to protect against the majority of attacks.

8. AI and Cybersecurity:

  • AI and large language models are set to transform cybersecurity, enhancing tasks such as threat intelligence and incident response.
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