Cybersecurity prediction: Top 10 Cybersecurity trends for 2024
"2024 Cybersecurity prediction: Top 10 cybersecurity trends in 2024 by SharkStriker

Trend 1: Cybersecurity will become data-driven
Trend 2: The cyber risks associated with AI outweigh the business benefits
Trend 3: The operational risks associated with cybersecurity will be a high priority in 2024
Trend 4: The shift to digital will only widen the cybersecurity skills gap
Trend 5: MSPs will offer more of automated security platforms due to lack of cybersecurity talent
Trend 6: Business leaders will aim towards tech consolidation for simplifying cybersecurity
Trend 7: There will be a rise in AI based vishing in 2024
Trend 8: There will be rise in quantum cryptography
Trend 9: The use of QR has gained quick popularity in retail, hospitality, and other businesses.
Trend 10: Increased maturity of DevSecOps development cycles

Read in details about trend here: cybersecurity predictions 2024
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Top 10 Predictions About Cybersecurity Challenges 2024

Discover what the new year brings in the world of cybersecurity as SharkStriker predicts some of top cybersecurity trends for 2024.

Why is physical security important? A cybersecurity POV
Modern day attackers are orchestrating hybrid attacks that target physical assets. It calls for improved awareness and prioritization of physical security.
Physical security is important for several reasons, as it plays a crucial role in safeguarding people, assets, and information from various threats. Here are some key reasons why physical security is essential:

Asset Protection: Physical security measures are designed to protect valuable assets such as equipment, inventory, and property. This can include surveillance systems, access control systems, and barriers to prevent unauthorized access and theft.

Personnel Safety: Ensuring the safety of individuals within a physical space is a primary concern. Physical security measures, such as access control systems, surveillance cameras, and security personnel, help prevent unauthorized individuals from entering a facility and posing a threat to occupants.
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Why physical security, is a vital aspect of cybersecurity?

Modern day attackers are orchestrating hybrid attacks that target physical assets. It calls for improved awareness and prioritization of physical security.

ICBC bank ransomware attack, World’s biggest bank hacked
ICBC: World’s biggest bank hacked due to suspected Citrix Bleed vulnerability (CVE-2023-4966)
On November 9, 2023, the Industrial and Commercial Bank of China (ICBC), the world's largest bank, was hit by a ransomware attack that disrupted trades in the U.S. Treasury market. The attack was carried out by the ransomware group LockBit, which demanded a ransom of $10 million from ICBC.

ICBC said that it was able to isolate the impacted systems and contain the incident. The bank also said that it was making progress in recovering from the attack and that it was in contact with law enforcement agencies in the United States and China.

The attack on ICBC is the latest in a string of high-profile ransomware attacks against financial institutions. In recent months, ransomware groups have also targeted banks in Costa Rica, Brazil, and India.

The increasing frequency of ransomware attacks against financial institutions has raised concerns about the security of the global financial system. Ransomware attacks can cause significant financial losses and disruptions to critical infrastructure.
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ICBC, bank ransomware attack, World’s biggest bank hacked

ICBC: World’s biggest bank hacked due to suspected Citrix Bleed vulnerability (CVE-2023-4966)

Advanced Persistent Threats (APT): 5 Ways to Identify an APT Attack
APT stands for Advanced Persistent Threat. An APT attack is a sophisticated and targeted cyberattack where an unauthorized user gains access to a network and remains undetected for an extended period. The term "persistent" indicates that the attacker maintains a long-term presence within the targeted network to achieve specific objectives.

Key characteristics of APT attacks include:

1. Advanced Techniques: APT attackers often employ advanced and sophisticated methods to breach security measures. This may involve the use of zero-day exploits (vulnerabilities that are unknown to the software vendor or the public), custom malware, or other advanced tactics.

2. Persistence: APT attackers aim to remain undetected for a prolonged period to achieve their goals, which could include stealing sensitive information, conducting espionage, or disrupting operations.
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Advanced Persistent Threats (APT): 5 Ways to Identify an APT Attack

APT or Advanced Persistent Threat is a type of cyber-attack where an attacker or group of attackers target highly specific targets with an intent to steal sensitive data without being detected for a long time

Managed Security vs In-house Security: Which of the two is the best?
Let us take a look at the difference between establishing your own team for security - in-house security vs letting dedicated team of experts handle all your security needs - managed security.
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In-house security vs Managed Security: Which one is the best for your business?

Managed Security and In-house Security are two different approaches to handling cybersecurity within an organization. Here are the key differences between them:

1. Ownership and Responsibility:

Managed Security: In this model, a third-party service provider (Managed Security Service Provider or MSSP) is responsible for managing and overseeing the organization's security infrastructure and operations. The MSSP takes on the responsibility for monitoring, detecting, and responding to security incidents.

In-house Security: In this model, the organization itself is responsible for all aspects of its security program. This includes hiring and training its own security team, procuring and managing security tools, and developing and implementing security policies and procedures.

2. Expertise and Skills:

Managed Security: MSSPs typically have a team of highly skilled security professionals who specialize in various aspects of cybersecurity. They bring a wealth of experience and expertise to the table and often have access to advanced technologies and threat intelligence.

In-house Security: The organization must invest in hiring and training its own security team. This may require significant time and resources to find and retain qualified individuals, and to provide ongoing training to keep them updated on the latest threats and technologies.