Last year, a data breach cost USD $4.45 million worldwide. This represents a fifteen percent rise in three years. Threats from new technologies must be taken into consideration as we approach 2024. ones that can perhaps hurt and disturb your company. Technology is developing quickly. It is presenting both new chances and difficulties for both individuals and enterprises. Technology is not always good. Certain advancements may seriously jeopardize our safety, privacy, and digital security.
We’ll go over a few new technological risks to watch out for in 2024 and beyond in this post.
Data Poisoning Attacks
Datasets used to train AI models can be tainted, a practice known as data poisoning. Attackers can manipulate the results of algorithms by inserting malicious input. This could result in poor decisions being made in important industries like banking or healthcare. Taking certain steps is essential to fending off this sneaky threat. These include putting strong validation procedures in place and safeguarding the integrity of training data.
AI-generated data should be used carefully by businesses. It ought to be significantly enhanced by data from other sources and human intelligence.
5G Network Vulnerabilities
The extensive use of 5G technology creates additional attack vectors. The attack vector expands as the number of linked devices rises. IoT devices that depend on 5G networks could be the focus of hackers. It is essential to secure these devices and have robust network protocols in place. in particular to avert widespread attacks.
Make sure your company has a solid plan in place for managing mobile devices. A large portion of the workforce is shifting to mobile devices, therefore businesses need to monitor and control how these devices access company data.
Quantum Computing Vulnerabilities
The promise of previously unheard-of computational capability, quantum computing, is not without risk. Given its enormous processing power, even the most secure encryption techniques could be broken. Hackers could use this ability to obtain private information. This highlights the requirement for encryption methods that are robust to quantum errors in order to protect digital data.
Artificial Intelligence (AI) Manipulation
Even while AI is transformative, it is manipulable. Cybercriminals may disseminate false information by using AI algorithms. They are already automating phishing attempts and producing realistic deepfakes. With the increasing sophistication of AI-driven threats, vigilance is crucial. Robust detection systems are necessary to separate fraudulent AI-generated content from legitimate ones.
Augmented Reality (AR) and Virtual Reality (VR) Exploits
Technologies like AR and VR provide immersive experiences. However, they also introduce fresh vulnerabilities. Cybercriminals may utilize these sites as a means of tricking people, with potentially disastrous real-world outcomes.
It is essential to ensure the security of AR and VR apps. in particular to avoid user manipulation and invasions of privacy. This is especially true for industries like gaming, healthcare, and education.
Ransomware Evolves
Attacks using ransomware have progressed beyond basic data encryption. These days, threat actors employ double extortion. They smuggle confidential information before encrypting files. Hackers may sell or disclose this data to victims if they are unwilling to pay, harming their reputation.
Among the measures taken to counter this new threat from ransomware are:
• Strong backup options
• Consistent cybersecurity instruction
• Active pursuit of threats
Supply Chain Attacks Persist
Attacks on the supply chain are still a constant danger. To breach more significant targets, cybercriminals hack software suppliers or third-party vendors. For the purpose of preventing cascading cyber events, supply chain cybersecurity must be strengthened. Multi-factor authentication, ongoing monitoring, and thorough vendor reviews are some ways that businesses might achieve this.
Biometric Data Vulnerability
Biometric techniques for authentication, such facial recognition and fingerprints, are becoming widely used. However, unlike passwords, users cannot alter biometric data after it has been compromised. By using secure encryption, biometric data can be protected. Verify that service providers adhere to stringent privacy laws. These are essential for stopping fraud and identity theft.
Advanced Phishing Attacks
One of the most popular and established types of cyberattacks is phishing. AI is making these attacks more targeted and sophisticated. For instance, hackers tailor spear phishing assaults to a particular person or company. They base their actions on private or business information found online.
Vishing assaults are an additional instance. These pretend to be reputable organizations by using phone calls or voice assistants. They urge victims to do particular things in a convincing manner.
Employee phishing training must be ongoing. in addition to automated methods for identifying and thwarting phishing attacks.
Tips for Defending Against These Threats
The threats we confront change along with technology. As such, it’s critical to use caution and initiative. The following advice may be helpful:
• Inform people, including yourself, about the most recent technological hazards.
• For all online accounts, use multi-factor authentication and strong passwords.
• Update your devices’ software and hardware frequently to address security flaws.
• Refrain from opening dubious attachments or links in emails or messages.
• Confirm the sender’s or caller’s identity and legitimacy. Prior to sharing any information or acting, do this.
• Make regular backups of your data to guard against losing it in the event of a cyberattack.
• Purchase a trustworthy cyber insurance plan. One that addresses the risks and demands unique to you.
• Notify the appropriate authorities of any suspicious or malevolent activities.
Need Help Ensuring Your Cybersecurity is Ready for 2024?
The threats of this year may be too great for the fixes from last year. Take no chances with your safety. To find out where you stand, we can assist you with a comprehensive cybersecurity evaluation. Contact us today to schedule a chat.