Top 5 Cybersecurity Trends 2024 And Predictions

July 31, 2024 No Comments

by Yulia Tsentylo

People are increasingly sharing more information online than ever before. Therefore, data protection methods are becoming more sophisticated. As new technology emerges, so do new types of threats. McKinsey projects that cybercrime would cost corporations $10.5 trillion per year by 2025. This makes it extremely important for cybersecurity experts to follow the latest trends in order to deliver effective solutions. In this post, we will look into the key security trends that will be relevant in 2024.

Trend #1 — Generative AI for Cybersecurity

According to Gartner Inc., “The integration of Generative artificial intelligence into cybersecurity is projected to 30% decrease in false positive rates in threat detection and application security testing by 2027.” Generative AI has helped companies improve their cyber resilience by accelerating threat detection, adversarial defense, and incident recovery procedures. Unlike AI-native solutions that learn based on predefined rules, Generative AI has ushered in a paradigm shift from reactive to proactive cybersecurity, helping security teams proactively identify potential vulnerabilities before they occur, allowing them to make more informed decisions on their premises.

The major use of Generative AI in cybersecurity is creating a hyper-realistic simulation of probable cyber attacks 2024 in a controlled environment for training reasons, hence improving companies’ preparedness for real-world security issues. GenAI may also help generate natural language threat assessments and event reports; thus, speeding up the incident recovery process.

However, Generative AI serves as a double-edged sword in the threat environment, as it has enormous potential for both attackers and defenders. As a result, Gartner suggests merging AI approaches with GenAI to develop more robust systems, reducing the shortcomings of both technologies and assuring their responsible application. According to a recent Gartner poll, 34% of firms are actively working to minimize the potential hazards of Generative AI via the use of AI application security technologies.

Trend #2 — Implement Continuous Threat Exposure Management (CTEM)

Despite having a well-curated and organized list of security exposures, organizations often struggle to discover and prioritize overwhelming security problems. Understanding the attacker’s point of view is critical for validating the exact impact of a vulnerability and assessing the efficacy of current protections. It is critical to understand that businesses cannot repair all vulnerabilities, nor can they be confident which ones need a quick solution.

According to a Gartner report, “By 2026, organizations will experience a staggering threefold decrease in the likelihood of a security breach by prioritizing their security investments based on CTEM “. Continuous Threat Exposure Management (CTEM) is a realistic cybersecurity methodology that continually prioritizes future vulnerabilities while taking into account current security realities. Unlike the reactive method, which can only address patchable exposures, CTEM emphasizes real-time monitoring and analysis of unpatched regions of exposure on the attack surface, allowing for proactive risk reduction and rapid reaction to new cyber threats.

By running frequent attack simulations on an organization’s assets, CTEM can efficiently discover and resolve vulnerabilities before they are exploited. CTEM requires ongoing security posture remediation rather than point-in-time vulnerability assessments, allowing for continuous improvement of the organization’s security posture.

Trend #3 — Using Virtual Credit Cards for Payments

Virtual credit cards, also known as disposable or one-time-use credit cards, are unique digital replicas of physical credit cards that can be generated for specific transactions. They are designed to provide an additional layer of protection by separating the user’s actual credit card information from the merchant’s records. When a customer makes a purchase using a virtual credit card by LinkPay, the merchant receives a unique virtual card number, expiration date, and security code that are valid only for that particular transaction.

Besides that, the best virtual credit card providers are integrating biometric authentication, such as fingerprint or facial recognition, adding an extra layer of security to transactions. You can even set up fraud alerts via the banking application. They also allow you to set spending limits and expiration dates. This limits the potential damage if the virtual debit card number is misused, as the thief’s ability to rack up charges is restricted.

Trend #4 — Managing Third-Party Cybersecurity Risk Assessment

Managing third-party cybersecurity risk assessment has become an absolute must for businesses. Traditional point-in-time assessment methods often fail to reflect the dynamic nature of top cybersecurity threats. Given the limits of point-in-time assessments, businesses are adopting a more proactive and continuous monitoring and risk assessment strategy, allowing them to reduce potential cyber threats before they become full-fledged security events.

A Gartner study found that “Despite the higher investments in third-party cybersecurity risk management (TPCRM), 45% of organizations still suffered 3rd-party business interruptions over the past two years.”

Gartner offered the following advice: “Adopting a resource-efficient approach and  resilience-driven into TPCRM helps businesses minimize the impact of 3rd-party incidents.” Furthermore, establishing collaborative partnerships with external partners is crucial for designing mitigation methods and contingency plans that ensure key assets are always protected.

Trend #5 — Reducing Human Risks via Security Behaviors & Cultural Programs

Security experts recognized that the current exclusive emphasis on increasing employee security knowledge is mostly unsuccessful in reducing security incidents caused by insecure employee conduct. SBCPs have emerged as one of the top cybersecurity trends, focusing on risk reduction and understanding human behavior, enabling behavioral change to address the difficulties of security weariness, control friction, and organizational cultures with more speed and agility.

Gartner expects that by 2027, 50% of big businesses will have used human-centered security design methods. It aids in prioritizing user experience while retaining effective security controls, resulting in increased adoption of security measures and reduced security-induced friction.

This comprehensive strategy incorporates both conventional techniques and new capabilities to decrease human factor risk exposure while empowering workers, cultivating a security-conscious culture, and employing data analytics to provide a digitally safe environment. However, the Gartner PIPE framework is required for efficient SBCP deployment.

Prevent Cyber Threats With Ease

The future of cybersecurity is moving toward a proactive, intelligence-driven, and user-centered strategy. Organizations may get a competitive edge in the ever-changing threat environment by adopting top cybersecurity trends in 2024 and implementing effective security policies. Improving your security measures is critical. The above tricks will come to the rescue if you want to prevent a cyber attack or ensure secure online transactions.

About the Author

Yulia Tsentylo, a dynamic creative copywriter with over a decade of experience in crafting compelling narratives and persuasive messages. Yulia has worked with a diverse range of clients, from innovative startups to Fortune 500 companies, producing everything from ad campaigns to engaging social media content. Her versatility and meticulous attention to detail ensure each piece resonates deeply with its intended audience, making her a sought-after talent in the world of copywriting.