Thinkers360 2024 Predictions for Cybersecurity are member-sourced from our opt-in B2B thought leader and influencer community with 100M+ followers on social media combined. The 2024 Predictions for Cybersecurity are part of a series to provide actionable insights for business and technology executives.
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We asked a selection of our Thinkers360 global thought leaders and influencers about their predictions for Cybersecurity in 2024. Here’s what they told us…
What are your predictions for Cybersecurity in 2024?
Aggressive nation-states will significantly increase cyberattacks against national critical infrastructures in 2024. Their capability to massively fund the discovery and exploitation of serious vulnerabilities, coupled with their advanced tools and tactics, will force cybersecurity organizations to rethink how they can rapidly adapt to maintain effectiveness and show sustaining value.
– Matthew Rosenquist, Chief Information Security Officer at Eclipz.
Anticipate additional bot attacks in 2024. Bots have the ability to propagate malware and/or ransomware to devices, which can be dangerous and self-replicating. Through web servers, network bridges, Wi-Fi routers, and antivirus software, attackers frequently target machines that are not protected by firewalls and/or anti-virus software. Bots impersonate actual users to steal PII, overload systems, scrape IP, and do other malicious activities. Thanks to developments in machine learning and artificial intelligence, bot nets can now easily automate and scale up cyberattacks quickly. Cybercriminals are also using an increasingly popular Bot-as-a-Service to outsource attacks. Even though there are many different kinds of botnets available, DDoS-style attacks are still regarded as the most frequent threat.
– Chuck Brooks, President at Brooks Consulting International.
In 2024, cybersecurity evolves amidst increased AI integration and a focus on data protection. AI-driven automation prompts the need for AI-centric security solutions to combat emerging threats and comply with strict privacy regulations. With rising concerns about AI-generated attacks and the democratization of AI, secure data sharing becomes pivotal. Anticipate a surge in cyber attacks through deepfake technology, necessitating a delicate balance between AI adoption, strong cybersecurity measures, and employee awareness for robust defense strategies. Moreover, expect increased Board expertise in cyber to reinforce these initiatives.
– Helen Yu, Founder and CEO at Tigon Advisory Corp.
In response to increasing regulatory burdens and the risk of civil litigation, successful companies in 2024 will lean into enhancements in their compliance operations. They will actively collect and test evidence of security control effectiveness, linking these controls directly to their risks, across all critical assets or systems. This approach ensures companies are confident in accurately describing how well they manage their risk portfolio, including in SEC filings. The automation of compliance operations enables security and audit professionals to spend more time doing the parts of their jobs that they love. Furthermore, as supply chain risks intensify scrutiny of B2B transactions, companies will efficiently repurpose many of their controls and control evidence. This strategy not only allows companies to secure additional attestations or certifications such as ISO or SOC 2 without increasing their workforce, but it also provides a significant competitive business advantage.
– Kayne McGladrey, Field CISO at Hyperproof.
With the advancement and significantly reduced cost of developing generative AI technologies in 2024, threat actors will likely start taking more advantage of AI and developing more intelligent malware. Rather than communicating back to a Command and control (C&C) server, threat actors will develop adversarial AI-enabled malware to become more self-aware in selective environments. This would potentially allow them to enumerate and execute on known vulnerabilities without the need to reach back out to C&C servers.
– Christophe Foulon, Founder and Coach at CPF Coaching.
In 2024, cybersecurity compliance will evolve into a strategic business driver essential for enhancing brand value and maintaining customer trust. Fortune 500 companies and leading tech brands will increasingly prioritize transparency in public communication about security measures. As customers continue to prioritize privacy and demand proof of trustworthiness from their providers, organizations embracing and promoting their cybersecurity commitment will gain a competitive edge. Compliance efforts will be recognized not only as safeguards against deception but as powerful tools to attract new customers, retain existing ones, boost internal morale, and attract top talent. Sales and support teams will embed security value propositions into their strategies, allowing organizations to compare compliance advantages with competitors directly
– Kimberly Simon, VP – Partnerships & Alliances at ControlCase.
My predictions for 2023 did well. The National Cybersecurity Strategy was published, there is greater recognition of APTs as the real threat, and all sectors recognize cybersecurity as more than just about technical defenses, as evidenced in the regulations and legislation. There are too many predictions for 2024. The most important include: · An increased emphasis on translating cyber risk into business risk. · A noticeable shift in responsibility to product vendors and service providers. · Increased recognition of the importance of Third Party Risk Management (TPRM). · Notable adoption of Security by Design and Default. · Using AI to increase productivity reduces the lack of qualified cyber resources. We will also see an uptick in misinformation and disinformation as we get closer to the U.S Presidential election. The most recognizable prediction has to do with legislation and regulation. We are living through the most significant wave of regulatory changes since the 1930s. This will manifest itself at the federal level, from states, across sectors, and globally.
– Alex Sharpe, Principal at Sharpe Management Consulting LLC.
I envision 2024 as a transformative year where the realms of Cybersecurity and Artificial Intelligence will increasingly intersect, reshaping the landscape of digital security. The adoption of AI-driven security products and services will rise significantly, leveraging machine learning algorithms to detect and alert against cyber threats in real-time. This marks a pivotal shift from traditional, reactive cybersecurity measures to more proactive, predictive models. However, AI will largely remain a co-pilot to Security Teams, not yet advanced enough to fully automate complex security tasks. I also anticipate a surge in Zero Day attacks and more sophisticated methods from Threat Actors, who are increasingly utilizing AI. This highlights the need for robust AI governance frameworks in organizations to ensure responsible and effective use of AI in cybersecurity, balancing technological advancements with ethical considerations.
– Adj. Professor Jason Lau, Chief Information Security Officer (CISO) at Crypto.com.
I think that cybersecurity in 2024 will see a landscape increasingly influenced by sophisticated AI and machine learning technologies. We’ll likely see enhanced threat detection capabilities, as these technologies enable faster and more accurate identification of cyber threats. However, the same advancements could also empower malicious actors, leading to more advanced cyberattacks. Consequently, there will be a greater emphasis on developing robust AI-powered defence systems and a heightened focus on cybersecurity training and awareness programs.
– Rob May, Managing Director at ramsac.
The year 2024 is anticipated to witness a surge in the occurrence of Generative AI-based cybersecurity attacks, primarily deepfake attacks facilitated by Generative AI. This poses a significant cybersecurity threat, as Generative AI can also be employed for phishing and social engineering attacks. Besides, attackers can exploit Generative AI techniques to develop new variants of malware that can evade detection by traditional security measures. It is essential to note that Generative AI models are susceptible to data poisoning and adversarial attacks, making them vulnerable to exploitation. Overall, this implies that 2024 will be marked by an increased risk of Generative AI-based cyber threats, which can cause severe harm to businesses and industries.
– Praveen Singh, Co-Founder, Chief Strategy and Security officer at CyberPWN Technologies.
By 2024, we can expect to see greater integration of AI in cybersecurity solutions, which will significantly enhance our ability to detect and respond to threats. However, it’s important to acknowledge that AI also brings with it some new risks, such as adversarial attacks and concerns around data privacy. Striking a balance between leveraging the benefits of AI while mitigating its drawbacks will be crucial. Global supply chains and critical infrastructure will continue to be prime targets for ransomware attacks in the coming years. To protect against such threats organizations should adopt proactive measures like implementing near real-time recovery systems and having comprehensive incident response plans in place. There will be a rise in disinformation campaigns that utilize realistic fake content generated by AI as a means to manipulate public opinion and extort money. To combat this growing cyberattack vector effectively organizations must prioritize source verification techniques, and implement reliable methods for authenticating online information. As technology advances at an accelerated pace throughout 2024, cyber threats will become even more sophisticated. Maintaining continuous vigilance and adaptability will be key factors in staying ahead of these evolving challenges.
– Mark Lynd, Head of Executive Advisory & Corporate Strategy at Netsync.
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