Technological Advancements in Cybersecurity Methods
Cyber attacks will greatly improve due to more work from home nature and will take advantage of architecture vulnerabilities and unpatched systems. There will be a dramatic increase in IoT (Internet of Things) hacks because it deals with interconnecting and exchanging data. Different ransomware will get worse like stealing important data even before its encryption and with the onset of 5G technology, new threats and vulnerabilities will arise.
The use of the Dark Web will grow and will be used primarily to buy and sell sensitive corporate data. Mobile devices will see an unprecedented increase in unauthorized access by applications installed through malicious websites and even app stores.
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.