As we approach the year 2024, the digital horizon is both promising and perilous. At ContraForce, we have always been at the forefront of cybersecurity innovation, and we understand that staying ahead requires not just technology, but foresight. Drawing on our industry observations, here are a few of our predictions for the cybersecurity landscape in 2024.
1. The Battle Against Cyber Fatigue Gets Help
There’s a growing sense of cyber fatigue among businesses, where the continuous need for vigilance has led to record levels of burnout and stress among cybersecurity professionals. In 2024, when CISOs make purchasing decisions they will increasingly seek out automated, sustainable cybersecurity solutions that simplify security operations. Security automation platforms and low/no-code solutions that reduce technical dependency will play a larger role in the battle against cyber fatigue by providing relentless, yet simple, cybersecurity defenses. Businesses will aim to maintain a proactive security posture without the burden of continuous manual oversight.
2. AI Remains a Double-Edged Sword
Artificial Intelligence (AI) and machine learning are unlocking new innovations at breakneck speed. But they also provide cyber adversaries new ways to open and infiltrate a business’s network. Next year will see the largest spike in AI-driven cyber threats to date. Organizations large and small will need to figure out how to democratize the use of AI for defense and deploy AI-driven security without the complexity traditionally associated with such an advanced technology.
3.The Rise of Specialized MSSPs and a New Target for Cybercriminals
In 2024, the market for Managed Security Service Providers (MSSPs) will continue to grow and evolve. As cyber threats become more sophisticated and the regulatory environment grows more complex, businesses will look to partner with MSSPs that offer specialized services and deep expertise in industry-specific domains. There will be a growing demand for niche MSSPs that cater to sectors like healthcare, finance, and manufacturing, where the stakes and standards are high. This also means that MSSPs will increasingly become high-value targets for cybercriminals. Their position as centralized hubs of security across many verticals means a single breach could compromise multiple businesses throughout their client roster. The demand on MSSPs will be high and they will need to stay one step ahead to not only protect their clients, but also ensure their own cybersecurity posture is equipped to fortify their defenses.
4. Ransomware Continues to Evolve
Despite a recent decline in high-profile ransomware incidents, the threat has not diminished. It has evolved. ContraForce foresees that ransomware will continue to be a prominent threat in 2024, with new variants outpacing traditional defenses. Agility and adaptability are the name of the game, and businesses will need to be able to implement swift countermeasures with the limited resources they have.
5. Data-Rich SMEs Get a Wakeup Call
Organizations with vast reserves of sensitive data are, and will continue to be, prime targets for cybercriminals. ContraForce predicts that the trend of targeting data-rich organizations will intensify in 2024. Large organizations in industries such as healthcare and finance will remain lucrative targets for cybercriminals. However, SMEs in the supply chain of those markets will likely get hit even harder as they often hold just as valuable assets but lack the robust data protection capabilities of larger organizations.
Next year will bring its unique challenges, but also great opportunities for innovation and improvement in cybersecurity practices. At ContraForce, we are committed to providing solutions that address the dynamic nature of cyber threats, enabling businesses to thrive in a digital era marked by both growth and uncertainty. Let us help you secure the future!