Top Cybersecurity Predictions for 2024 by Our Experts

But why is cybersecurity so important? Well, let's be honest, the internet can be a pretty dangerous place. Hackers and cybercriminals are constantly on the prowl, searching for vulnerabilities to exploit and wreaking havoc on unsuspecting victims. The consequences of a cyberattack can be devastating, with victims suffering financial loss, identity theft, and even emotional distress. So, it's crucial to stay informed about the latest trends and predictions in cybersecurity to keep yourself and your data safe.

So, let’s start with our top predictions by our team:

1. Government surveillance may increase in some regions.

After the release of Snowden (the story of Edward Snowden) in 2016, we were all shocked by how our own elected government surveils us and robs us of our right to privacy. With the level of technological advancements we have seen, I am scared to even think of the new surveillance methods these governments would have created. Various factors, such as political unrest or social problems that make governments feel like they need to keep a closer eye on things, could cause this to occur.

While this is the case in the so-called liberal ‘USA’, we can only imagine the nightmare in restrictive countries like China, Russia, and many Middle Eastern countries. These countries even claim to surveil the Internet in the name of keeping their citizens safe, while we all know the truth behind it. China has already banned most of the global software companies and created its own version of them.

We think that these apps are more restrictive and thus beneficial for the government to keep its citizens under watch. More and more countries will try to apply for and create their own software, which will be a huge red flag for the privacy of their citizens. Some of these countries will be Russia, Iran, the UAE, Saudi Arabia, and Pakistan.

Don't get us wrong; we understand that sometimes surveillance is necessary for keeping people safe. But it's super important to find that sweet spot between security and respecting people's privacy. No one wants to feel like their every move is being watched, right?

2. Deep-fake attacks become more convincing.

With the release of ChatGPT, we have seen how intelligent and realistic AI can be. With thousands of AIs to choose from, we have special AI software for all the different tasks. One of these tasks is a deepfake, which can be said to be eviler than genius.

If you're not familiar with the term, "deep fakes" are created using some seriously advanced artificial intelligence (AI) and machine learning technologies. They can generate eerily realistic videos, audio, images, or even text that imitates someone's appearance and voice. It's like something straight out of a sci-fi movie!

To give you an example, a hacker cloned the voice of the director of a bank in Hong Kong and then called a manager and ordered him to transfer $35 million into his bank account. The manager even recognized his voice throughout the call. This is just a real-life example of how dangerous deep fakes can be.

With the increasing influence of social media on people, no one knows what is true on the Internet and what is not. Thus, we think more and more people will dwell on this task of using deep fakes to convince people of their objectives or to spread false rumors. These can be easily used to clone videos of political parties during elections, post creepy posts of influencers and celebrities, and collect personal information.

As we head into 2024, it's crucial for everyone to be aware of this growing threat. The FBI suggests that companies should educate their employees and clients about deep fakes and how they can be used in attacks like spear-phishing or live cloned voice and video conversations. You should be aware at all times and keep yourself ready with security tips.

3. Millions of unfilled cybersecurity jobs

Well, amid the not-so-good predictions, here is a small relief. By the end of 2024, the number of vacant jobs in the cyber security industry will be in the millions. According to CyberVenture’s report, there will be more than 3.5 million cybersecurity jobs unfilled in 2024.

If you are surprised by the number, this is because, currently, most of the IT jobs are also cybersecurity jobs. Earlier, only a small team of defenders was needed to protect the precious artwork of the IT professionals, but today, most of these professionals also share the duty to make and even defend their work from the uncertainties of the cyber world.

The report also shows that the unemployment rate of professionals is ‘zero’, meaning if you are a professional cybersecurity expert, there is nearly no chance of being unemployed. This will create great opportunities in this field, and this field is safe for the foreseen future.

4. Improved security of cloud storage

Cloud computing is one of the most preferred ways for companies to store their files and data in a centralized place. Major global companies collect massive amounts of data to create databases for their users, and to store these databases, they use private cloud computing storage. When data from this cloud storage is leaked, it is called a "cloud leak. This is far more dangerous than it sounds; think of millions of users’ data being stolen in one attack.

This raised concerns about the security of the data. Normally, distributed data may not be as precious as this segregated storage, especially for cyber thieves. Think of these cloud storage services as bank thieves, and thus it is essential to give extra protection to this vulnerable sector. With recent data breaches at global companies like Facebook, LinkedIn, and Alibaba, this concern was highlighted.

This year, we can expect some big upgrades in the security of cloud computing. This is essential for the industry to grow. One of the ways will be to encrypt the data as much as possible and then use strong security measures to prevent any such incidents from happening again.

5. New, advanced methods to steal your data are on the way.

While advancement in technology is great for our development, it may not always be true. This is because there are many professionals who keep inventing tools to protect your privacy, and at the same time, many bad actors are polishing their skills and weapons to attack your privacy. Remember, while cybersecurity experts are researching new ways to protect you, many bad actors are searching for new cyber threats to exploit you.

These people keep finding new ways to exploit people, and they also succeed most of the time. From big companies to small scammers, all want to get the big pie of your information from you for activities like ransomware, etc.

Recently, in a tweet, the FBI warned people about the method by which bad actors can access your phone through malware injected into it just through a charging station. Think about getting hacked just by charging your phone through a public charging cable. While many are not aware of the biggest dangers of connecting to free Wi-Fi,

Twitter link to the tweet

So, while you should be aware of the methods the bad actors can use, you should also keep yourself updated with the newer guidelines and warnings to keep you ahead of these hackers.

6. Third-party cookies will be eliminated.

This is one of our biggest predictions for 2024: the end of third-party cookies. Third-party cookies are the trackers and cookies many sites and software use to track their users' behavior and actions on the Internet. These cookies are one of the biggest exploitations of the privacy of users. While most browsers While Bing and Firefox have already eliminated third-party cookies, Chrome, the most popular browser, still uses these cookies.

However, in 2024, we can expect Google to end third-party cookies. This is because, first, Google owes this to its users. Even Google Analytics shows a notice to end these services. While the sites track us for mainly advertisement purposes, having your data and other information tracked is still not a good feeling.

7. Countries rolling out their data privacy acts

We hav have heard people say, "Data is the new oil." If that's the case, shouldn't we all be more clued in on how our data is being used? It's no secret that internet companies have been scooping up user information like candy, claiming it's "necessary data." But have you ever wondered how you could wipe your information from their storage?

Well, the EU decided to take a stand for privacy back in May 2019 when they rolled out the GDPR (General Data Protection Regulation). This was a game-changer, and it didn't just apply to companies within the EU; it also affected businesses with users in the region.

Now, other countries are stepping up to the plate. India, for example, is working on rolling out the "Digital Personal Data Protection Bill," which will be their own spin on the GDPR. Given India's massive internet user base, this new policy will likely have a significant impact on global data protection practices.

The aim of these policies is to put a stop to companies hoarding user data like it's going out of style. They want companies to get user permission, only collect what's absolutely necessary, and delete data when it's no longer needed. In other words, "companies should not hold data that they don’t need for longer than they need."

In 2024, we can expect even more countries to whip up their own privacy policies. This means our digital data will be managed and protected in better, more secure ways.

8. Increase in blockchain-based cybersecurity solutions

Blockchain is the new trend in the market. From cryptos to NFTs, blockchain is rising due to its decentralized system. This makes blockchain one of the most secure and hard-to-crack systems in the world. According to the latest report from Deloitte on blockchains and technology, blockchains are best for transparency, security, and availability.

While many companies are already trying to use blockchain in cybersecurity solutions, none of them has succeeded. The main reason for this failure is the high cost of blockchains.

This year, we are noticing a substantial rise in funds for making blockchain cheaper, which can make it cost-effective in the cybersecurity industry. This will unlock many new ways of protecting users’ data.

9. Possible rise in state-sponsored attacks

While countries try everything in their power to track and get their rivals' data, state-sponsored attacks are becoming more common. These attacks can take many forms and are much more powerful and destructive than a regular DDOS attack.

The last thing anyone wants is to experience a cyberattack in a time of high global tensions and the potential for World War III. During conflicts like the Russia-Ukraine war, cyberwarfare becomes a go-to strategy for weakening a nation's defenses and snatching secret information. And it's not just limited to wartime; countries like China and the USA are also upping their cyber game, launching digital offensives to gain the upper hand in various political and economic showdowns.

The rise of state-sponsored cyberattacks underscores the need for nations to invest in robust cybersecurity measures. By fortifying their digital defenses and staying vigilant against potential threats, countries can better protect themselves from these high-stakes attacks. As we navigate the uncharted waters of 2024, it's crucial for governments, businesses, and individuals alike to remain alert and prepared for the ever-evolving landscape of cyber warfare.

10. New technology may lead to new vulnerabilities.

One thing we humans excel at (besides wreaking havoc on our planet) is evolving. From the discovery of fire to the development of cutting-edge AI, we've consistently pushed the boundaries and leveled up our game. And guess what? This ongoing process of evolution and innovation isn't slowing down anytime soon. Just look at AI or 5G—these technological marvels are shining examples of how far we've come.

But with great advancements come great vulnerabilities. No technology is invincible, and it takes time to iron out the kinks and beef up security measures. There will always be loopholes and weak spots for crafty hackers to exploit. It's an ongoing battle to stay one step ahead of these threats and secure our shiny new technology.

So, while we're busy reaping the benefits of the latest and greatest inventions, it's crucial to stay cautious and vigilant. Until these systems have been thoroughly battle-tested and secured, it's up to us to keep our eyes peeled and stay on guard against potential threats. Remember, folks: with great power comes great responsibility. Let's make sure we're using our tech-savvy skills wisely!