Democratised cyber crime, AI-powered malware, and continued supply chain threats are just some of the cyber trends we're predicting for 2024.
Throughout 2023, organisations matured their security operations in response to a number of trends. Converging IT and OT systems, increased remote working, and extensive adoption of cloud technologies were just some of the motivating factors that drove organisations to improve their security posture.
At the same time, threat actors have matured and evolved as well. Nation-state groups and cyber criminals are always advancing their techniques and leveraging new tools to maintain an advantage. Findings from our research amongst UK CNI organisations suggest that cyber crime has been on the rise, with a growing number of attacks.
With these trends in mind, we've made ten predictions for how the cyber threat landscape will evolve in 2024.
- Ransomware-as-a-Service (RaaS) will help cyber criminals scale their operations
- Polymorphic malware will lower the barriers to entry for low-skill cyber criminals
- Constrained security budgets will prioritise cost-effective cyber security
- Heightened cyber risk in the US resulting from a lack of nationwide cyber regulations
- Increased cyber threats in the energy sector as organisations manage regulatory hurdles
- IoT devices will be secured through more mature strategies
- Consolidation of security tools will help organisations reduce budget and simplify operations
- Supply chain attacks will continue to be a top risk
- Politically motivated cyber attacks may correspond to major political events
- The death of passwords may be on the way as multifactor authentication sees wider use
For more on any of these predictions, as well as additional commentary from our experts, download the full whitepaper.