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7 Emerging Cybersecurity Threats Expected To Rise In 2024

Technology is advancing quickly, making cybersecurity threats more prevalent in 2024. Cyberthreats are becoming huge challenges for businesses due to generative AI, the Internet of Things (IoT) and machine learning. However, companies can prevent attacks by understanding the emerging threats and implementing strong defenses.

Dec 16, 20232.3K Shares130.1K ViewsWritten By: Alastair MartinReviewed By: James Smith
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  1. AI-Powered Cyberattacks
  2. Phishing Attacks
  3. Ransomware Attacks
  4. IoT Attacks
  5. Exploitation of Large Language Models (LLMs)
  6. Hacktivism Related to Global Conflicts and Elections
  7. Data and SEO Poisoning
  8. Maintain Awareness of Emerging Cybersecurity Threats
7 Emerging Cybersecurity Threats Expected To Rise In 2024

Technology is advancing quickly, making cybersecurity threats more prevalent in 2024. Cyberthreats are becoming huge challenges for businesses due to generative AI, the Internet of Things (IoT) and machine learning. However, companies can prevent attacks by understanding the emerging threats and implementing strong defenses.

AI-Powered Cyberattacks

Artificial intelligence is a growing concern in cybersecurity threats because of how advanced its attacks are using generative AI. Attackers can use this technology to code malware, making it more effective and damaging. AI helps hackers automate attacks, so this cyberthreat is expected to rise since it’s faster and more challenging to detect.

For example, AI can create realistic emails, tricking people into giving away sensitive information. It can also use AI-based voice phishing, known as deepfakes, which is when voice messages trick people into revealing personal details.

Approximately 79% of business leadersbelieve deepfakes greatly threaten their companies. This is because attackers can easily deploy this technology to access and steal sensitive information. However, the most concerning aspect of AI is its ability to learn from its experiences. It can improve and make these attacks even more sophisticated.

Businesses should employ advanced threat detection systems as a countermeasure. They use AI to identify and respond to AI-driven attacks, providing enhanced defenses. Investing in such technologies allows enterprises to detect threats early and respond quickly, reducing the potential damage of these attacks.

Phishing Attacks

Cybercriminals use phishing to trick people into sharing sensitive information like passwords or credit card numbers. Hackers deploy this attack method through fake emails, websites and phone calls. This tactic has been around for a while, but what is different now is how these attacks have evolved.

They are becoming more personalized and technically advanced. For example, mobile device phishing is rising, where attackers deceive people into giving their information through their phones. Phishing tactics are also advancing with AI, so the scams are becoming more convincing.

This means businesses must be extremely cautious. They should understand what a phishing attempt looks like, such as suspicious links or attachments. Companies should also use multifactor authentication systems to protect against unauthorized access. This requires providing two or more verificationsto access an account, making it more difficult for hackers to gain authorization.

Ransomware Attacks

Ransomware has always been a concern for organizations, but this cybersecurity threat is expected to rise in 2024 due to the increased sophistication of the attacks. They occur when cybercriminals use software to block access to a company’s files until it pays a ransom.

This can cause big businessproblems, including losing important data or operational disruptions. What makes ransomware more dangerous is how criminals have made it easier to attack using ransomware-as-a-service. This model allows hackers to rent ransomware tools as a subscription or through a profit share. They use these tools to attack companies, making it easier and more common.

Small-businessowners must regularly back up their files and train employees to recognize ransomware threats. Also, updating computer systems helps. Implementing these tactics will better prepare companies for ransomware attacks.

IoT Attacks

Attacks on IoT are increasing, with more companies investing in connected devices. Increased interconnectivity creates more opportunities for cybercriminals. These items — such as smart cameras, wearables and thermostats — often lack strong built-in security mechanisms, making them easy targets.

An attack on one device can spread through the entire network, causing widespread damage to businesses. Companies should focus on a few key strategies to mitigate these risks.

First, ensure all IoT devices are regularly updated with the latest security patches. Changing default passwords to strong, unique ones for each device is also important. Additionally, monitoring network activity helps businesses detect breaches early. The more proactive companies are in preventing these occurrences, the better protected they’ll be against these rising threats.

Exploitation of Large Language Models (LLMs)

LLMs have been beneficial for various applications. They are AI systems trained on large amounts of data and can understand and generate human-like text. Businesses often use them for multiple purposes, from customer service to content marketingand more. However, cybercriminals are finding ways to use LLMs for malicious purposes.

For example, they can use an LLM to create fake news or spread misinformation. These cybersecurity threats are easier to evade detection. This is because their contentmakes distinguishing from something a human wrote difficult.

As such, businesses must be aware of the potential misuse of these technologies. Cybercriminals are always switching their tactics to make the most of their exploitations. Therefore, organizations must stay informed and prepared.

Hacktivism involves hacking into a computer for political gains or socially motivated purposes. Hacktivists often use their skills to influence public opinion, disrupt political processes or expose confidential information. This threat will likely rise due to the 2024 U.S. presidential elections and easy access to hacking tools.

The rise in these cybersecurity threats means an increased vulnerability to cyberattacks for businesses. These threats range from website disruptions and distributed denial-of-service (DDoS) attacks to data breaches and leaks. Often, hacktivists organize these attacks to make a political statement or disrupt normal operations.

Businesses must enhance their cybersecurity measures and protect sensitive information during times of heightened risk. Having an incident response plan is vital so the organization can respond quickly when targeted.

Data and SEO Poisoning

Data poisoning involves tampering with information used to train or update AI systems, causing their outputs and decision-making processes to malfunction. That way, they provide inaccurate results.

Search engine optimization(SEO) poisoning targets search enginealgorithms. Attackers manipulate results to promote malicious websites or misinformation. They do this using SEOtactics to boost a website’s ranking artificially. Cybercriminals employ this attack method to spread malware, scam users and provide false information.

The threats can be disastrous for users and businesses that rely on AI systems and search engines. That is why companies must conduct regular audits of training data to look for tampering. Businesses should closely monitor their web presence and search engine rankings for CEO poisoning. Additionally, implementing cybersecurity best practices — like secure coding and security assessments — can mitigate issues.

Maintain Awareness of Emerging Cybersecurity Threats

Cybersecurity threats are growing as technology advances, making it easier for hackers to deploy malicious attacks. Therefore, businesses must stay updated on the latest threats and security measures. While cybercriminals continue to find ways to access an organization’s network, the good news is that businesses can use the same tactics to mitigate risks. Cybersecurity is constantly evolving, and using the latest strategies will be key to staying safe.

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