Insider threats, AI vulnerabilities, IoT attacks—2024 cybersecurity trends revealed!

December 26, 2023
1 min read

Key points:
– The financial impact of cyber-attacks on the global economy is anticipated to reach $10.5 trillion by 2024.
– There has been a surge in technical advancements across diverse domains, signaling a concurrent evolution in cybersecurity trends.

The article discusses several key cybersecurity trends to watch out for in 2024:

Underdeveloped Generative AI Applications

  • The dominance of artificial intelligence (AI), especially large language models, raises concerns about user security and privacy.
  • Users trusting AI applications may unknowingly expose sensitive information, and with AI projected to grow at an annual rate of 37.3%, this trend remains a focal point in cybersecurity.

Ransomware as a Service (RaaS)

  • Ransomware has emerged as a pressing concern, with payments reaching an average of $1.54 billion over the past 10 months.
  • Cybercriminals can now purchase ransomware from a seller, democratizing the ability to carry out attacks.
  • Organizations must prioritize good cyber hygiene to defend against this trend.

Data Breaches: A Prime Target for Cyber Threats

  • The potential impact of cyber threats on national security and economic prosperity has led to the development of new regulations addressing cybersecurity concerns.
  • However, regulatory frameworks alone are

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