List of 7 Cybersecurity Predictions

Here is a list of 7 cybersecurity predictions for the year 2024.

  • 1. Technological Advancements in Cybersecurity Methods
  • 2. Rise in Investments in Cybersecurity
  • 3. Deprecation of Passwords Based Authentication
  • 4. Financial, Health, and Educational Institutions Will be the Main Target
  • 5. Increase in Cyber Terrorism
  • 6. Wide use of AI and ML in Security
  • 7. Demand for Cloud Security will Expand

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.

Top Cybersecurity Predictions

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.

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List of 7 Cybersecurity Predictions

Here is a list of 7 cybersecurity predictions for the year 2024....

1. 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....

2. Rise in Investments in Cybersecurity

Organizations and corporates will understand the need for a skilled security workforce due to the increase in breaches by hackers. Skilled cybersecurity professionals will help in identifying weak points and vulnerabilities of the software and other devices that are prone to be attacked and securing sensitive content wherever it arises....

3. Deprecation of Passwords Based Authentication

Passwords play a significant role in authorizing people to log in to a website or application in today’s scenario. But sometimes it is extremely difficult to remember different and complex passwords for different websites that you visit and saving them or noting them down makes it less secure. Passwords make the security less usable and therefore there was a need for something which could be used with ease....

4. 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....

5. Increase in Cyber Terrorism

Cyber terrorism is unethical computer-based attacks carried over the Internet on specific websites and information stored by distributed DoS attacks or vandalizing and defacing these websites in order to create panic, achieve political motives, spoil reputation, or in some cases even blackmail and threaten which can cause loss of life....

6. Wide use of AI and ML in Security

Artificial Intelligence and Machine Learning will get started to get widely used in threat intelligence and security orchestration, automation, detection, and response tools which will, in turn, reduce the workload on the security operation centers....

7. Demand for Cloud Security will Expand

More and more organizations are switching to working remotely with their data stored in the cloud, with others offering their services through the cloud, security in the cloud has become an area of major concern. Almost all organizations are expected to increase their spending and expenditure on improving their cloud security and analyzing and researching what can be upgraded to protect against data breaches by outside attackers....

Conclusion

In conclusion, as we head into 2024, the cybersecurity landscape is poised for significant changes. With the increasing reliance on online platforms and the rise in cyber threats, organizations are expected to invest more in cybersecurity measures. Top Cybersecurity Predictions include advancements in cybersecurity methods, increased investments in cybersecurity, the decline of password-based authentication, and a focus on securing financial, health, and educational institutions....

Top Cybersecurity Predictions – FAQs

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