Top Cybersecurity Threats in 2024

05-Feb-2022

The year 2020-21 saw a marked difference in the Workfront and business landscape owing to the COVID pandemic that wreaked havoc the whole world over. This phenomenon thus ushering in additional needs in the business operations across the industries and Cyber security being the most urgent requirement.

The post-pandemic era thus forms an opportune era for cyber security professional aspirants to take up a cyber security course and embark on this challenging and demanding cyber security career.

Cyber thieves unleashed a series of cyber-attacks in 2021 that were not only well-coordinated but also considerably more advanced than anything seen previously. You may have heard about recent cybersecurity breaches affecting some of the world's major organizations. As the globe changed to a remote work style in reaction to the COVID-19 pandemic and has since moved to a 'hybrid' work culture, a rush of new threats, technologies, and business models have developed in the cybersecurity field. Cyberattacks affect everyone, but small firms appear to be one of the most popular targets.

Let us discuss the top cyber security threats to watch out for in the year 2024 following the interpretation of Clover Infotech's Chief Technology Officer, Neelesh Kripalani.

Top Cyber Security Threats

Attacks on Remote Workers

A firewall, staff awareness, and tight policies, among other things, can be used to prevent basic cybersecurity risks within an organization's setup. When people work remotely, however, putting in place cybersecurity precautions becomes more complicated. According to a recent poll conducted by Tessian, an organization based in the US and the UK, 56% of senior IT professionals believe their staff has picked up negative cyber-security behaviors when working from home. Unsafe networks, the usage of personal devices, and human mistakes are just a few of the major cybersecurity hazards connected with remote work. VPNs, anti-phishing software, anti-virus, and ongoing employee education, among other security measures, can help to limit the danger to a large extent.

Vulnerabilities in the Cloud

Organizations are increasingly turning to the cloud to accelerate their digital transformation. Despite the growing popularity of cloud computing, data security remains a major worry for many businesses. Improper RDP (Remote Desktop Protocol) administration, misconfigurations, inadequate authentication, and shadow IT use, among other things, are some of the leading sources of cloud vulnerabilities.

Vulnerabilities in the Internet of Things

The goal of digital transformation is to become more data-driven. One of the primary sources of data is the Internet of Things (IoT). IoT devices are vulnerable mostly due to a lack of security mechanisms built-in to protect against threats. IoT cyberattacks have over doubled in 2023 compared to the previous year, according to Kaspersky. Cyber attackers might obtain access to sensitive data and launch attacks against other linked systems by exploiting vulnerabilities in IoT devices.

Ransomware Attacks with Double Extortion

The classic ransomware scenario involved malicious programs encrypting files with public-key RSA encryption and then deleting them if the victim did not pay the ransom. Threat actors steal data from enterprises in addition to encrypting files in the 'Double Extortion Ransomware Attack,' also known as 'pay-now-or-get-breached.' This entails, additional to demanding a ransom to decipher data, attackers might threaten to release the stolen data if a second payment is not made.

Stuffing Credentials

Credential stuffing is a threat in which information obtained from one service's data breach is used to log in to another unrelated service. Due to more sophisticated bots that attempt multiple logins at the same time and pretend to originate from different IP addresses, such attacks are on the rise. The fact that many users employ the same username/password combo across several sites makes credential stuffing assaults quite effective. Credential stuffing will continue a severe issue if this practice persists.

Ward off the threats and become a specialist by taking up a cyber security course online

For years, cybercriminals have operated with the awareness that due to the fast-changing nature of technology, comprehension – let alone policing of their actions is limited. This isn't a condition that can be sustained, with the cost of cybercrime to global economies expected to reach $6 trillion by 2021. Security Magazine predicts that 2024 will be the year when regulators pull out all the stops to get a handle on the situation. As a result, sanctions that presently solely cover breaches and losses may be expanded to include vulnerabilities and exposure to prospective damage. Another factor could be the growing number of jurisdictions enacting legislation relating to ransomware payments.

Hence for aspirants jumpstarting and preparing for this in-demand profession is highly advisable. Get on and sign up for a cyber security online course and be job-ready. Your next career transition will take place anytime soon as long as you are well-equipped and have the right certification.

Building customer trust is more important than ever for firms who want us to give them access to our sensitive personal information. It's critical to have expert professionals now than ever.