Is Christmas Already Here? Reflecting on Cybersecurity Changes in 2024
With less than a week until we welcome 2024, it’s time to consider the evolving landscape of cybersecurity. Throughout its history, the cybersecurity industry has consistently adapted to shifts in attacker strategies and operational realities. As we head into the new year, this dynamic is set to evolve further, particularly with the rise of advanced technologies like AI and cloud computing.
5 Key Cybersecurity Trends to Watch in 2024
1. Rethinking Security Strategies Amid Data Explosion
The exponential growth in data is more than just hype; it’s a pressing reality. According to reports, organizations will need to secure 42% more data next year and face a staggering 7X increase over the next five years. This surge stems from the proliferation of data-generating devices and the widespread adoption of AI systems, which require substantial data for training and enhancement.
Organizations will face tougher challenges in securing data across an ever-expanding threat landscape. In 2024, the focus will shift from protecting individual assets to safeguarding interconnected systems.
2. Expanding Attacks on Virtualized Infrastructure
As organizations enhance defenses for traditional targets like computers and mobile devices, attackers are increasingly targeting virtual infrastructure, including SaaS applications, APIs, and Linux systems. For instance, VMware highlighted vulnerabilities in its ESXi hypervisor that have been exploited for ransomware attacks.
Hackers are agile and quick to exploit successful methods, making these platforms prime targets. Expect to see more incidents in this realm as attackers broaden their focus.
3. Edge Devices: New Targets for Sophisticated Hackers
Recent revelations about hackers linked to the People’s Republic of China compromising Cisco routers illustrate a new trend: targeted attacks on edge devices. These sophisticated intrusions require advanced technical skills and can cause significant damage, setting them apart from typical ransomware attacks.
In 2024, edge devices will likely become a significant battleground in cybersecurity, with skilled hacker groups demonstrating their capabilities through targeted attacks.
4. AI’s Dominance in Cybersecurity Discussions
In 2024, AI will take center stage in cybersecurity dialogues. Both attackers and defenders will leverage AI more strategically. Cybercriminals will use it to enhance their malware, automate attacks, and refine social engineering tactics. Conversely, defenders will adopt machine learning, natural language processing, and other AI-driven tools to bolster security measures.
As the upcoming presidential election unfolds, AI-related concerns, including misinformation tactics like deepfakes, will require attention. AI's potential to address the cybersecurity talent gap will also be significant, with systems increasingly automating routine operations in security operations centers.
5. Increased Pressure on CISOs from Regulatory Actions
Recent actions by the Securities and Exchange Commission (SEC) highlight growing accountability for cybersecurity practices. The SEC has charged SolarWinds and its CISO after serious incidents of cyber espionage, while new rules demanding enhanced incident reporting and governance will add pressure.
In 2024, Chief Information Security Officers (CISOs) must document their organization's cybersecurity practices meticulously, increasing regulatory compliance demands. The entire C-suite will need to navigate complex public and private sector interactions as the geopolitical landscape shifts, influenced by recent global events.
As these predictions indicate, 2024 promises to be a transformative year for cybersecurity. Buckle up for an exciting journey ahead.
Steven Stone is the head of Rubrik Zero Labs, focusing on zero trust data security at Rubrik.
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