How, precisely, do we prevent cyberattacks by 2024? You are in the right place! In today’s day and age, digital wellbeing and cybersecurity go hand in hand. Generally speaking, it entails protecting people, business, and other organizations from potential digital attacks and preventing from any kind of digital invasion.
Cyber attacks are among the business risks that companies face, small, medium enterprises, and large corporations from any industry. The risk of cyber threats to business and IT companies are very high, so invest in cybersecurity is a good idea for business organizations. To protect themselves and company money from cyberattacks, investing in strong programs of cybersecurity is imperative for companies. So, without any ado, let’s learn “How Can Cyber Attacks be Prevented in 2024?”
Cyber Attacks Statistics 2023
“Cyber actors find it easier and more effective to use capabilities already built into critical infrastructure environments. A PRC state-sponsored actor is living off the land, using built-in network tools to evade our defenses and leaving no trace behind, that makes it imperative for us to work together to find and remove the actor from our critical networks” – Rob Joyce
Director, NSA Cybersecurity.
According to IBM, The global average cost of a data breach in 2023 was USD 4.45 million, a 15% increase over 3 years.
According to Forbes, “During the past 12 months, 34.5% of polled executives report that their organizations’ accounting and financial data were targeted by cyber adversaries. Within that group, 22% experienced at least one such cyber event and 12.5% experienced more than one.” And “nearly half (48.8%) of C-suite and other executives expect the number and size of cyber events targeting their organizations’ accounting and financial data to increase in the year ahead. And yet just 20.3% of those polled say their organizations’ accounting and finance teams work closely and consistently with their peers in cybersecurity.”
How Can Cybersecurity Be Effective in 2024?
Here are some of the main strategies and trends shaping cybersecurity for the rest of 2024.
- Advanced Threat Detection: In 2024 AI will drive cybersecurity by detecting and defending against threats through advanced technologies. AI and machine learning would enable the network to learn and catch the unusual behaviour as well as patterns of nefarious activities that can breach the network.
- Zero Trust Security Architecture: In 2024, adoption of zero trust security architecture will soon become a standard approach sought by organisations to secure the overall boundary around your network. It is compromised-centric security where it is assumed that no one and no device may be trusted no matter where they are located and how much access they have. This framework will help enforce least-privilege authorizations, validate identification throughout, and provide protection from forensic analysis during and after any sort of incident occurs.
- Cloud Security: And the cloud will remain a key growth area for business in 2024: businesses will therefore step up efforts to protect their data in the cloud, with increased attention to encryption, access controls, and overall data protection. We’ll see more cloud-native security tools and services to help with this important task.
- Employee Training and Awareness: Among the most powerful ways to bolster cyber res the consequences thereof. In 2024, organisations will put greater funds behind holistic training programmes that render their employees aware of how to mitigate phishing attacks, best practices surrounding passwords, and incident response processes. If firms cultivate a baseline of cyber literacy among their employees, it’ll lower organisations’ susceptibility to human-error and insider attack vectors.
- Continuous Monitoring and Adaptability: For companies to be successful with cybersecurity in 2024, they will need to become more active with proactive monitoring and response to evolving threats. Frequent vulnerability assessments will be necessary to identify potential weaknesses and associated risks, while investing in automated threat intelligence platforms will help organisations detect and respond to threats as they occur.
- Automated Threat Intelligence: In addition to these two main purposes, threat intelligence systems can also be used to monitor the activity of networks and even identify suspicious activity – in which case a warning would be sent to the organization, alerting it about a possible threat. Threat intelligence systems act as early warning systems for networks. Essentially, these automated threat intelligence systems allow organizations to quickly identify and respond to security threats.
How Can Cyber Attacks Be Prevented in 2024?
Preventing cyber attacks in 2024 is about core business for all business organisations. Here are some tips that all businesses must take seriously so that they may achieve cybersecurity in every way possible.
1. Robust Security Specifications: All equipment and software must be robust against tampering during operation or stored after use. Fraudsters will always seek the easiest targets: acquire adequate protection with solid firewalls, intrusion detection systems, antivirus software, and secure operating systems and applications. Keep all software, operating systems and applications up-to-date and current.
2. Perform Regular Data Backups: You should perform regular data backups of important data and store that data in a secure location. This helps protect against data loss in the event of a breach incident or hardware failure. ◦ Sensitive data should be encrypted to protect against loss of confidentiality and integrity.
3. Instruct employees in cyber security: Employees are your biggest and most powerful asset in cyber security. Providing regular training can help keep your workforce informed of the latest cyber threats, cyber security best practices and company policies. Reinforce the importance of having strong passwords, secure email practices and even how to recognise ‘phishing’.
4. Use multifactor authentication: Multifactor authentication involves requiring a user who wishes to gain access to sensitive data or systems to provide two or more forms of identification, such as passcodes sent to their email or phone number.
5. Protect Remote Access: With perimeterless IT, and as more people work remote, businesses must protect remote access to networks, applications and data. Consider virtual private networks (VPN) and multi-factor authentication and password vaulting, among others, to secure remote access.
6. Conduct Regular Security Audits: You should conduct regular security audits to pinpoint areas of vulnerability, such as conducting penetration tests, vulnerability assessments and employee security awareness assessments.
7. Get Your Finger on the Pulse of the Threat Landscape: Know What’s Up With New Threats and Trends Several years ago, a CISO told us that much of his time on the weekends was spent reading up on the latest threats. He would try to keep his knowledge current at home. These tips outline the work that needs to be done so that you, as a manager, can feel good about your efforts. It’s understandable to want to outsource responsibilities like meeting PCI (Payment Card Industry) security standards – it’s their realm of expertise, after all. But, if you can’t put in the effort to find out what’s going on with PCI, then you wouldn’t be able to understand when an auditor comes along. And the auditor will trust you to know what you’re doing. This is in addition to PCI. When things appear to be going smoothly with your vendors, it’s easy to get complacent.
8. Team With Practitioners of Cybersecurity: Leverage the expertise of practitioners of cybersecurity to improve security. They can help assess risks, identify vulnerabilities and deploy cybersecurity methods. ‘The best possible technical advantage … is having a diverse pool of talent and the combined partnership of that talent with our company.’– Rob Joyce, Cybersecurity Director.
9. Check and Adjust Security Policies Often: Check and adjust security policies regularly to meet changing business needs and new threats. Make sure all employees know about these policies and act on them.
10. Incident Response: Have a carefully rehearsed incident-response plan in case of a cybersecurity incident (this should include containment, investigation and remediation procedures).
For more cybersecurity news and updates, follow us on Cybersecurity – The SOC Labs.
Disclaimer: This report is based on internal and external research obtained through various means. The information provided is for reference purposes only, and users bear full responsibility for their reliance on it. The SOC Labs assumes no liability for the accuracy or consequences of using this information.
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