Meanwhile, some continuing trends from 2023 include phishing, passwordless and multifactor authentication, and ransomware. However, one new trend on everyone’s mind is generative AI.
Here are some key trends and threats identified:
1. Phishing and Business Email Compromise (BEC) Attacks
These attacks are becoming more sophisticated, with cybercriminals using personal information from various sources to create highly detailed and convincing profiles. The rise of 3D phishing attacks, involving voice and video, is also anticipated.
2. Identity Verification
More organizations will embrace identity verification to confirm the authenticity of individuals during account onboarding and access requests. This is particularly relevant as AI improves and creates challenges in distinguishing real from fake identities
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3. Third-Party Security Challenges
The security of third-party vendors and partners remains a significant concern, as attackers often target these less secure entities to gain access to larger organizations.
4. Generative AI in Cyberattacks
A surge in the use of generative AI to create convincing phishing lures is expected. This technology might be used to automate the creation of emails in various languages, scrape information for targeted social engineering attacks, and embed malware in documents.
5. State Sponsored Attacks
There will be a continued focus on mitigating threats from state sponsored bad actors. Organizations are advised to adopt multilayered defenses, including sophisticated cybersecurity solutions and robust incident response plans.
6. Cyber Insurance Policy Implications
The policies and practices of cyber insurance are evolving. Organizations’ use of certain vendors could impact their ability to obtain favorable insurance terms, with more scrutiny expected in assessing security postures.
7. Advancements in Ransomware Techniques
Attackers are continuously enhancing their methods, making ransomware more difficult to detect and counter. This includes the use of polymorphic code, which changes its signature frequently to evade detection by antivirus software.
8. Adaptation of Passwordless and Multifactor Authentication
Major technology companies are increasingly supporting passwordless and MFA methods. As phishing attacks become more sophisticated, relying solely on passwords becomes increasingly risky. Both methods offer a higher level of security compared to traditional password-based authentication.
Cybersecurity Tips Going into 2024
Cybersecurity can be daunting. However, TREYSTA is here to support your business and to keep your data secure. Implementing regular security checks and assessments is one of the ways to protect your business.
Another important method is using security awareness training (SAT) for your employees. Cybersecurity is always evolving, and it is important to stay up to date on the latest trends. Using SAT is a great way to stay ahead of the competition.
As we mentioned before, cybersecurity insurance will play a more prominent role in 2024. Consider purchasing cyber insurance to mitigate the financial impact of cyber incidents. This can provide a financial safety net in case of significant breaches.
Reach out to us today to learn more about how TREYSTA can keep your business secure as we move into the new year.
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Don’t leave your cybersecurity to chance. Join forces with TREYSTA technology management and experience the peace of mind that comes with knowing your organization is fortified against cyber threats. Contact us today to schedule a free consultation and take the first step toward a more secure future.
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