9 Cyber Security Trends to Look for in 2024

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Incidences of cyber attacks have been continuously increasing. And the damages of the attacks have become more alarming. Due to the availability of AI-based tools and advanced software, Cyber criminals have the privilege of causing more destruction than before.

During 2023 alone, the estimated cost of cyber-attacks to the global economy was USD 8 trillion. And the cost of the attacks has exhibited a significantly rising trend year-on-year. According to the available estimates, the cyber attack cost will increase to around USD 10.5 trillion by 2025 from USD 3 trillion in 2025, exhibiting a 15 percent compounded annual growth rate. Therefore, cyber security has become one of the topmost priorities for organizations and governments. Cyber security trends have been continuously upgrading to deal with the evolving cyber-attacks.

Due to the recent advancement in cyber security technology, the measures for detecting and countering sophisticated cyber attacks can elicit success. And you can expect to see the following trends in cyber security in 2024:

#1. AI Tools to Detect Cyber Threats


Artificial Intelligence (AI) will play a significant role in detecting and mitigating the risks of cyber threats. AI-based threat detection systems will find hidden cyber threats and deal with them in real-time.

Machine Learning algorithms will identify complex cyber-crimes and implement countermeasures to prevent them. With features such as natural language processing and automated face detection, the tools will act as robust security systems to counter cyber-attacks.

#2. Increased 5G Networks Security

Network security will increase with the deployment of 5G networks. Due to increased encryption and low-latency communication, the networks will provide highly secured data transmission. It will help prevent cybercriminals from accessing the data. In addition, the networks will block sensitive data transmitting over unsecured channels. And the deployment of the networks will be one of the remarkable cyber security trends for 2024.

#3. Secured IoT Devices

The susceptibility of IoT devices to cyber threats will lessen due to the implementation of standardized protocols and advanced embedded security measures. With secured wireless networks connecting IoT devices, the probability of cyber attackers accessing the devices will be minimal.

#4. Extended Detection and Response (XDR)

Implementation of the XDR technology will help detect cyber threats quickly. And it is one of the most striking cyber security trends to watch out for in 2024. The technology can automatically collect and correlate data across different security layers, including email, server, cloud, and networks. Due to the technology implementation--threat detection, investigation, and responses will be faster.

#5. Zero Trust Framework

The Zero Trust Framework will counter threats related to authentication methods. For example, the framework will help to deal with threats such as cyber attackers bypassing Multi-Factor Authentication (MFA) using the JSON Web Token (JWT) injection technique. The framework is likely to strengthen the defense mechanisms against cyber-attacks.

#6. Safeguarding Privacy


Privacy safeguarding technologies, such as homomorphic encryption, will ease privacy concerns. The technologies will prevent cybercriminals from accessing privacy by securing computation on encrypted data.

#7. Quantum Cryptography

The usage of quantum cryptography will counter encryption breaches. The cryptography will provide tight security against breaches using quantum keys. And it is one of the latest trends in cyber security.


#8. Blockchain


Blockchain technology will entail more efficient approaches to guard against cyber attacks on supply chains. The technology can create immutable and transparent supply chain networks. These networks will minimize the threats of cyber-attacks. As such, the authenticity and integrity of physical and digital assets will remain intact.

#9. DevSecOps Implementation


DevSecOps is the process of incorporating security testing at every stage of software development. It will become part of every software development lifecycle. As such, developers will infuse tight security into the software during development. It will entail proactive security measures to better deal with cyber threats.

Conclusion

As the threats of cyber-attack risks have been increasing, organizations must make themselves aware of the latest cyber security trends. The expected cyber security trends for 2024 are likely to quickly identify cyber security loopholes, reduce breaches, and minimize damages due to the attacks.






Location: Tezpur, Assam, India

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