After the COVID-19 pandemic, more businesses are going digital to expand their reach quickly. Here we’ve mentioned the top 5 cyber security trends in 2024 that continuously evolving due to relentless advancements in technology. This also increases the risk of data breaches and cyber threats in the digital industry.
We all know the primary purpose of cyber security is to keep cyber-attacks or unauthorized access away. Cyber security has become a daily dose of security measurements that can be served to protect all organizational assets from both internal and external vulnerabilities. It includes confidential data, computer systems, data & networks, servers, and more.
Even in 2024, the ever-evolving cyber threats and hacking have become quite proactive which leads plenty of data breaches in the last few years. Organizations are actively getting into the cybersecurity field to safeguard their digital assets, blueprints, user data, access credentials, networks, etc. Even the incognito (private) browsing doesn’t help.
Top 5 Cyber Security Trends in 2024
It’s not about developing security protocols but providing smart barriers and early warnings for threats. As per online sources, the global cost of cybercrime will surpass $20 trillion (US Dollars) by 2026, 1.5x higher to $8 trillion (US Dollars) in 2022.
This data shows that every online business or organization requires better and more efficient cyber security protocols to reduce the risk of digital attacks. Losing customers’ data like bank account or credit card details can hugely impact financial complications to them. Additionally, the business or organization can also face multiple legal consequences and trust issues.
It will damage the business reputation and the organization may need to pay penalties to recover their customer’s financial losses. That’s why a cyber attack can completely ruin a growing business in no time. Well, if you’re also in an organization or cybersecurity field, check out the top 5 trends below that you should consider in 2024.
Now, check out the top 5 trends in cybersecurity below:
1. Zero Trust Security
It seems that the Zero Trust Security model is gaining so much appreciation which indicates ‘never trust, always verify’. Organizations are using Zero Trust architecture to improve their security measurements by implementing strict verification controls.
One wise man said, “If you’re online, you’re not safe”. So, we’re assuming that everyone is unsafe in a digital space where the specific Zero Trust security framework verifies everything and doesn’t trust anything or anyone. Even employees can make mistakes to leave the system or user data vulnerable.
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With this security protocol, each employee will only have specific access to the controlled data that is necessary for their work. It should also include MFA (multi-factor authentication) to analyze the flow of intrusion (if any). The rest of the data and access will require additional permission from the respective authority or employer. This will reduce a lot of potential hacking risk at the business end.
Organizations may use Palo Alto Networks for zero-trust architecture. While using Okta for identity & access management, seamless monitoring with Splunk, etc can help to the next level. In addition, business owners can prefer Cloud Access Security Brokers (CASBs) to maintain the cloud resource access at their end.
2. AI and Machine Learning in Cybersecurity
Artificial Intelligence (AI) and Machine Learning (ML) has become one of the important parts in cyber security. With the help of these security parameters, organizations can detect threats & analyze real-time attacks. If any organization still does not use AI and ML in their online businesses, the traditional methods will be less effective.
All of us are aware of the CAPTCHA which detects whether the user is a real human or an automated bot. Now, AI has become more smart and advanced which can often bypass such CAPTCHAs quite easily. However, the same AI can be developed and maintained to control your cybersecurity protocols.
Some security professionals believe that the growth in the use of artificial intelligence is due to the threat detection system which will address up to 30% of cyber attacks by 2025. Now, you may ask how will it detect. Well, an AI can process a large number of input data and easily forecast unusual activities or attempts to systems even before it happen.
Therefore, the advantages of using artificial intelligence and machine learning can be significantly higher in the cybersecurity industry. In short, using an artificial intelligence-based security system can help in capturing data of the whole network of a service or business to look after suspicious activities.
The best part is that online businesses can hire cybersecurity solutions based on machine learning such as Darktrace, IBM Watson, or Cylance. These solutions provide algorithms that quickly analyze previous data and showcase potential cyber threats.
Some organizations may also use individual technologies for individual aspects like Darktrace for threat visualizations. Whereas Cylance for advanced endpoint security and IBM Watson to intelligently answer questions in natural language. So, AI plays a major role in the top 5 cyber security trends in 2024.
3. Ransomware-as-a-Service (RaaS)
Ransomware is a crypto-malware that blocks access to the individual’s personal or important data permanently. With the help of ransomware, attackers demand to get paid so that the victim can get back all of the personal or important data.
A few basic ransomware malware can only block the system without affecting data. However, advanced malware attacks can be more devastating. This is one kind of extortion you would say.
To be true, Ransomware attacks are getting enhanced day by day with more advanced algorithms like double extortion where attackers threaten the victim to encrypt the data and release it publicly if the ransom is not paid. In worst cases, the data gets encrypted and public even after paying the ransom.
That’s why organizations are more focused on investing in advanced ransomware technologies to get better data backup, advanced endpoint strategies, and training for employees.
4. Cloud Security Environments
It’s one of the latest trends in cyber security as plenty of organizations use cloud security services. Well, it’s somehow integrated with the cloud system and the cloud-stored functional data. Cloud security environments offer an easy-to-access platform for employees.
Migrating to the cloud also brings visibility improvements and better control over cloud data. Organizations can also take necessary steps to strengthen cloud security using data in transit encryption. Meanwhile, access management controls and periodic reviews of the cloud environment can reduce cyber threats.
Most companies use technologies like AWS Key Management Service (KMS) to manage the key securely. In addition, using Okta for identity and access management and Azure Security Center for security management can also be a good option.
5. Supply Chain Security
Last but not least, Supply Chain attacks are quite common these days where cybercriminals target less secured supply chain elements to exploit big organizations. These days companies are actively focusing on strengthening supply chain security through vendor assessments, complying with strict controls, and transparent collaboration with suppliers.
The Bottom Line…
Well, these top 5 cyber security trends in 2024 reflect the ongoing evolution of the cybersecurity landscape in 2024. The more organizations go with the cyber security measurements, the better improvements will be visible to prevent cyber threats. Moreover, the government is also trying to implement stronger cybersecurity measures for businesses to shape the future.
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