Financial, Health, and Educational Institutions Will be the Main Target
The biggest cyber threat posing on financial institutions will be ransomware which in turn will lead to huge monetary losses. Reports suggest that healthcare institutions can be the primary target of hackers in 2024, therefore, many of these institutes will have to actively monitor their network and will have to deploy mechanisms to protect patient’s sensitive data.
Due to the Covid-19 pandemic, all the educational institutions are closed and will remain shut for a while thereby promoting online classes as there are no other means to provide education to students. If these institutions do not scale up their security, hackers might break in and cause huge financial and reputational losses.
Top 7 Cybersecurity Predictions for 2024
Cybersecurity is currently one of the most demanded skills and this demand has grown exponentially during the Covid-19 times. This sudden spike is attributed to the fact that everything has shifted online, from classes to business meetings and conferences.
The employees of most companies are working from home and are at a greater risk of being attacked by a new cyber threat (cybercrime), vulnerability, or a hacker. Cybersecurity predictions suggest more cyber threats and the need for stronger defenses.
IBM X-Force Exchange (threat intelligence sharing platform) has seen a significant increase of close 4300% in coronavirus-themed spam worldwide during the lockdown. More than 7 out of 10 Indian companies being attacked with phishing, malware, and ransomware with a soaring 260%.
A recent study conducted by the Data Security Council of India in collaboration with PwC states that the cybersecurity market in India is predicted to grow from USD 1.97 billion in 2019 to a whopping USD 3.05 billion by the year 2025.