Technology continues to evolve at a rapid pace, presenting both opportunities and challenges. Among these challenges, the threat of cyber security attacks looms large. This poses significant risks to individuals, businesses, and governments alike. The importance of adopting robust security measures cannot be overstated. The repercussions of security breaches can be devastating, including financial loss, reputational damage, and compromised personal information.

In this article, we will explore 5 key trends to prepare for throughout 2024.

1. AI helping cyber criminals

The adoption of generative AI has been a double-edged sword in cyber security. It boosts defence and detection capabilities but also powers increasingly sophisticated cyber security attacks. Here’s how cyber criminals are exploiting AI:

• Convincing social engineering campaigns: AI is used to craft highly personalised phishing emails and social engineering campaigns, significantly increasing the chances of a successful breach
• Generating fake news: AI-generated articles can spread misinformation or manipulate public opinion, damaging reputations or creating chaos for further attacks
• Deepfake photos and videos: Convincing deepfakes can be used for blackmail, creating false evidence, or impersonating figures to spread false information
• Automated hacking tools: AI automates finding and exploiting vulnerabilities, allowing attacks at a scale and speed impossible for humans
• Bypassing security measures: AI learns the patterns of security software to devise strategies to evade detection, making it harder for traditional tools to identify and block attacks
• Enhanced cracking capabilities: AI algorithms crack passwords and encryption more quickly, posing a significant threat to data security

As technology evolves, the arms race between cyber attackers and defenders intensifies, requiring continual updates to cyber defence strategies. Understanding AI’s capabilities and potential uses in cyber attacks is crucial in developing effective defence mechanisms to protect against these advanced threats.

2. Supply chain/third party breaches

The complexity of modern supply chains has opened new avenues for cyber attacks. Threat actors are exploiting third-party vulnerabilities to infiltrate networks and access sensitive data. The interconnected nature of these chains means that a breach in one area can have cascading effects, highlighting the need for comprehensive due diligence and risk assessment strategies.

By something as simple as infiltrating a software update, a single supplier can involuntarily cause malware to spread to their customers. Operating with suppliers is inevitable, so consulting experts on how to introduce cyber security solutions to your supply chain is the best place to start. We always recommend that every part of the chain has awareness and understands the importance around preventing cyber security attacks. Further to this, a clear way of reporting any incidents is also needed.

3. IoT cyber security attacks

The expansion of the Internet of Things (IoT) has led to a heightened risk of cyber attacks. With an increasing number of devices connecting to the internet, potential vulnerabilities also rise. Here’s how these attacks manifest:

• Exploiting weak security: Many IoT devices have inadequate security, making them easy targets for attackers
• Infiltrating networks: Once an IoT device is compromised, attackers can use it as a gateway to infiltrate broader networks, accessing sensitive data and systems
• Rapidly multiplying devices: The sheer number of IoT devices exponentially increases the potential points of cyber security attacks
• Lack of standardisation: The diversity and lack of standardisation in IoT devices make it difficult to implement uniform security measures
• Botnets and DDoS attacks: Compromised IoT devices can be corralled into botnets to launch Distributed Denial of Service (DDoS) attacks, disrupting services and infrastructure
• Data theft and privacy breaches: Cyber criminals can steal personal data from IoT devices, leading to privacy breaches and identity theft

As IoT devices integrate into daily life, improved security becomes important. Recognising vulnerabilities and attack methods helps develop protection strategies. Solid security, regular updates, and awareness are key to managing IoT risks.

4. Human error: One of the most common causes of cyber security attacks

Despite advancements in technology, human error continues to be a significant vulnerability in cyber security. Even simple missteps, like falling for a phishing scam or misconfiguring settings, can result in substantial breaches. This underscores the necessity for continuous education and stringent policies to mitigate such risks.

For instance, an employee unknowingly clicking a malicious link can grant attackers access to an entire network. This type of incident, often preventable through regular training and awareness, exemplifies how human oversight can lead to serious security compromises. Therefore, fostering a culture of vigilance and knowledge can be one of your best cyber security solutions.

Zero trust security (or Zero Trust Network Access) is potentially the most effective way to reduce human error. As well as an ‘always verify’ methodology, it operates on the idea of only granting specific user’s specific access – based on their needs. This reduces the attack surface and risk of a data breach, should that individual’s computer/device be compromised.

5. Quantum computing attacks

Quantum computing attacks will be present in the near future, with the ability to break traditional encryption methods that are not quantum-safe. As these powerful computers become more accessible, the risk they pose to data security escalates. Preparing for this eventuality is vital, with research into quantum-resistant cryptography becoming increasingly important.

Concepts such as the ‘store now, decrypt later’ issue – where cyber criminals are storing encrypted data in preparation to decrypt it with quantum computing – stress the importance of preparing for quantum computing now. Deploying post-quantum cryptography (or quantum-safe cryptography) is one of the best ways to safeguard your business’ cyber security.

Prepare for cyber security attacks with CyberHive Connect

With these threats in mind, it’s crucial to have a robust cyber security strategy in place. CyberHive Connect offers a comprehensive suite of cyber security solutions. Stay ahead of cyber security attacks with the likes of zero trust network access, and post-quantum cryptography.

CyberHive Connect is available for free on a personal license – just sign up for your unique code. For any queries or business packages, our team of experts are happy to help.