AI-powered cyberattacks to dominate 2024: Report

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AI-powered cyberattacks to dominate 2024: Report

Cloud-first safety options supplier Barracuda has revealed a report with predictions from its safety specialists on anticipated cyberthreats for 2024. The predictions provide organisations insights to assist them strengthen their defences over the approaching yr. The corporate’s specialists reported that 2023 had seen continued evolution and rising sophistication of social engineering, exemplified by the MGM assault orchestrated by Scattered Spider, in addition to the continued rise of Enterprise E-mail Compromise (BEC).
Barracuda’s safety crew famous that BEC assaults have been seen virtually as typically as ransomware assaults. A widespread lack of threat consciousness amongst corporations and the absence of sturdy information and app safety have been different issues that shocked the safety execs this yr.
Considerations round cyberattacks in 2024
As organisations strategy 2024, the principle issues look like the danger of AI-powered cyberattacks, attackers’ rising means to bypass multi-factor authentication (MFA) and vulnerabilities in provide chains and demanding infrastructure.
Many corporations are grappling with the problem of a large number of safety options for each day safety duties, coupled with uncertainty in regards to the adequacy of legacy options in addressing rising and future challenges.
Over the approaching 12 months, the specialists count on to see extra cybercriminals centered on creating and implementing AI-powered cyberattacks, extra focused ransomware campaigns and id assaults amongst different issues.

Cybercriminals are anticipated to leverage the capabilities of machine studying and generative AI to boost their assaults. This might embody the automation of assault processes by superior AI algorithms, resulting in extra environment friendly, scalable, and complex assaults. Focused ransomware campaigns are more likely to deal with vital infrastructure and high-value targets.
The persistence of menace actors in concentrating efforts on superior and more and more convincing account takeover and phishing assaults is highlighted, with attackers leveraging the ensuing entry for added malicious actions.
New threats are anticipated to emerge, pushed by technological developments, geopolitical occasions, and modifications in attacker ways. These embody the potential rise of deepfake and artificial media assaults.
A notable shift in focus towards small and mid-market companies is anticipated, as menace actors capitalise on elevated digitisation in these sectors and exploit the scarcity of cybersecurity professionals.
The overarching themes for 2024 emphasise the continued exploitation of the weakest hyperlinks inside companies, underscoring the significance for organisations to undertake complete methods addressing all potential vectors of assault.