What are the consequences of cyber attacks in 2024?

2024 is approaching and the world of cybersecurity continues to evolve. Companies will face growing volume of cyber attacks and malware mutations. However, this is precisely what worries CISOs, DSIs and CISOs who are already planning for 2024. advanced phishing, spear phishing, Advanced persistent threats, zero-day vulnerabilities, ransomware, malwareand other threats based on AI (cyber threat intelligence) They are no longer mere interruptions but now pose existential threats to business continuity. Here are the expected trends in cybersecurity and things to watch out for.

Increasingly sophisticated cyber attacks

Various types of cyber attacks emerged in 2023 and will continue to evolve in 2024. In fact, cybersecurity is currently marked by an exponential increase and increasing sophistication of threats. In 2024, a significant evolution of ransomware, malware and phishing techniques is expected. These attacks can be prevented using several solutions (anti-phishing, antimalware…). However, if companies do not prepare in advance, the impacts could be even more significant due to artificial intelligence and the Internet of Things.

Artificial intelligence on the rise

In 2023, GPT Chat is in the headlines for computer exploits and use ofartificial intelligence It’s growing up. On the other hand, this proliferation of AI tools could be used to develop sophisticated cyber attacks, compromise security systems or be the target of attacks aimed at hijacking them. Additionally, AI could be used to create deep fakes more convincing or to carry out large-scale influence and disinformation operations. This makes it easier for hackers to bypass security measures. In particular thanks to the Great language models that make it possible to make the most of computer systems designed to understand, generate and interact with human language in a very sophisticated way.

Exploitation of zero-day vulnerabilities

As its name suggests, this flaw exploits unknown vulnerabilities: the company therefore has “zero days” to combat this threat. In 2024, with increased connectivity, these vulnerabilities provide an open door for cybercriminals to infiltrate and steal sensitive data from companies. Furthermore, the development of this cyber attack can be explained by the increase in software complexity, the advancement of hacker methods and the expansion of the Internet of Things (IoT). The increasing sophistication and speed of propagation of these cyber attacks may exceed companies’ ability to respond quickly.

Advanced Persistent Threat (APT)

It is the most complex and sophisticated cyber attack among all examples of targeted attacks. In 2024, its use is likely to intensify even further. This method is designed to infiltrate silently and remain hidden in files for a long time. Hackers know that it is becoming increasingly difficult to combat it. They therefore take advantage of the rapid evolution of AI to combine techniques and go unnoticed. These attack techniques are forcing cybersecurity managers to review their security solutions. According to a Fortinet survey, 78% of companies think they are protected, but 50% are victims. The aim of the game is therefore no longer to guarantee online inviolability, but rather to admit that intrusions will inevitably occur and to be able to detect them as soon as they appear to minimize their impact.

The rise of malware

By 2024, several categories of malware will evolve. With this type of cyber malware, pirated software is able to enter your computer network, preventing you from accessing it and stealing your confidential data. Today, it is mainly about polymorphic malware, shapeshifters, cryptojacking, ransomware as a service AND AI malware.

Polymorphic and shape-shifting malware have similarities in the way they evolve. In fact, polymorphic malware changes code from victim to victim, while shape-shifting malware rewrites its code with each new infection. In both cases, it is difficult to identify them.

Crypto jacking also poses a big risk, as by 2024 the popularity of cryptocurrency tends to increase. This attack consists of the clandestine use of third-party computers to mine cryptocurrencies. Not only does it lead to financial losses but also a significant drop in the performance of infected devices, by monopolizing their resources.

Ransomware-as-a-service continues to grow. Initially, ransomware is a technique of hostage taking of files which consists of charging a rescue allowing the unlocking of encrypted data. Today, these malware created by hackers, they are rented to other cybercriminals. This profitable method is increasingly being commercialized in underground forums or markets dark web. If the practice was mainly aimed at large organizations, today it also attacks SME.

Advanced phishing

In 2024, phishing continues to be a major threat, with increasingly sophisticated techniques, including the use of artificial intelligence to create personalized and credible messages. This results in various types of attacks such as fake QR codeO spear phishing or thesocial engineering.

At the dark webO profoundly false and manipulation are becoming increasingly frequent, pushing the phishing as a service (PhaaS) to spread further. These attacks are then highly personalized, increasing their effectiveness. For the SMEs and ETIs, the risk of vulnerability is great. These companies, which are often less protected, can be victims of significant financial losses and leaks of sensitive data.

Given this detection complexity, it is crucial to have cybersecurity solutions based on artificial intelligence (AI) and machine learning to to anticipate AND to react to threats.

The role of CISOs, CIOs and CISOs

Adopted in January 2023, the NIS 2 Directive (Network and Information Security, second version) introduces new measures to ensure the security of information systems. Managers have until October 17, 2024 to update the corporate security level. In fact, the responsibility of these professionals continues to grow and the risk of saturation expected in 2024 is high. O growing volume of cyber attacks like this the rapid evolution of security measures represent a real challenge. In fact, those in charge are required to innovate and maintain a safety culture within their companies. If an attack is successful, the reputation of the company, as well as trust customers, employees and partners are falling by the wayside. CISOs, DSIs and CISOs must be able to manage in time crisisthey must prepare to manage the consequences of a violation data and restore trust. That’s why awareness and the training Continuing online security best practices is essential.

By 2024, cybersecurity awareness on the part of the Executive Committee (COMEX) of a company is of capital importance. Manage cybersecurity risks, recognizing that information security is a vital element for business success and sustainability in today’s digital landscape. That includes:

  • Cybersecurity risk management;
  • Compliance and regulations;
  • Raise awareness and train employees;
  • Investment in security technologies;
  • Incident preparation and assessment (regular security audit).

What solutions can we expect in 2024?

To protect your business against growing threats, you must:

  • Strengthen the security of your software;
  • Adopt advanced solutions (anti-phishing, anti-spear phishing, antimalwareand anti-ransomware);
  • Comply with cybersecurity regulatory standards;
  • Raise awareness and educate your employees about best security practices and current risks;
  • Develop a solid plan to ensure business continuity in the event of a crisis (PRA).

Faced with constant developments in cybersecurity threats in 2024, CISOs, CIOs and CISOs must get ahead of the game with advanced solutions such as anti-phishing, strengthen software security and increase employee awareness.

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