5 Cybersecurity Trends for 2024 You Should Be Aware of
Cybersecurity is always changing down under. Every year, new threats, technologies, and opportunities pop up. As we roll into 2024, it's crucial for Australian based organisations to be across current and future cyber threats, both nationally and internationally. Whether you're a big corporation or a SME, it's time to plan ahead.
Staying ahead of the game is key to protecting your digital stuff. Big changes are on the horizon in cybersecurity. Emerging technologies and evolving threats, along with global shifts, are driving these changes.
Let's take a look at some key cybersecurity predictions for 2024 that you need to know about:
AI: It's a mixed bag. Artificial intelligence has revolutionised cybersecurity, making threat detection and response faster and more accurate. But watch out for the flip side – AI can also be used for dodgy stuff like creating convincing phishing emails, fake news, and deepfake videos. Aussie organizations need to beef up their security measures, including keeping humans in the loop and regularly reviewing AI systems, to stay ahead of these risks.
Quantum Computing: While it's still a bit off, quantum computing poses a serious threat to our current encryption standards. It could potentially crack the encryption algorithms we rely on to keep our data safe. Aussie businesses should start preparing now by assessing their risks and looking into quantum-resistant technologies.
Hacktivism: Get ready for more hacktivism in 2024. Hackers using their skills for political or social causes are expected to increase, especially during major events like the Paris Olympics or the U.S. Presidential Election. Aussie organisations should be on high alert and beef up their defenses against potential hacktivist attacks.
Ransomware: This pesky malware isn't going away anytime soon. Ransomware attacks soared by over 95% in 2023, and they're likely to keep climbing in 2024. Hackers might even use AI to make their attacks more sophisticated. Aussie organisations need to have solid ransomware prevention and response strategies in place, including regular data backups and prompt system updates.
Cyber Insurance: With cyberattacks on the rise, cyber insurance is becoming more important than ever. It can help organisations bounce back faster from cyber incidents by providing financial compensation, legal assistance, or technical support. But it's not just about the payout – cyber insurers may start imposing certain security requirements on their customers. Aussie organisations need to weigh up the pros and cons of cyber insurance and make sure they're meeting their insurer's expectations.
Don't wait for trouble to knock on your digital door. Be proactive about cybersecurity. Whether you're a big business or a small player, it's time to take action. Put a solid cybersecurity strategy in place, keep an eye on emerging threats, and stay compliant with regulations. And if you need a hand, get in touch with us to schedule a cybersecurity assessment today. Stay safe out there!