Predicted trends for 2024 include AI-related cybercrime and defense methods, ransomware attacks will disrupt supply chain services, disinformation campaigns to lead to extortion schemes and more

KnowBe4, the provider of the world’s largest security awareness training and simulated phishing platform, announced its 2024 cybersecurity predictions from its team of global industry experts.

Cyber threats are more sophisticated and complex than ever and evolving quickly with new technology like AI becoming increasingly advanced every day. Cultivating a solid security culture is paramount to strengthen an organization’s human firewall.

The top five predicted cybersecurity trends for 2024 include:

AI-related cybercrime and defense methods to increase
Bad actors will improve their ability to use AI to augment cybercrime sprees through the automated generation of social engineering attacks and improved scalability of campaigns. AI and ML tools will be used to parse massive amounts of data available publicly and through breach dumps available in dark web marketplaces, allowing detailed profiles of individuals to be built, enabling much more targeted attacks on employees and individuals.

On a positive note, defensive tools using AI will help to improve cybersecurity defenses. Many cybersecurity companies have been using and improving their use of AI over the last 10 years. AI utilized by good actors will improve cybersecurity tools and responses.
Ransomware attacks to aim for supply chain services
Ransomware cybercriminal groups will continue to increase their attacks but will be more targeted and work to attack supply chain services to disrupt and damage organizations around the world.
A cooling economy that will impact security programs and business continuity plans
Potential losses due to cybercrime paired with a potentially cooling global economy will threaten earnings and will drive companies to review and revise their security programs and business continuity plans. These reviews will be executed to ensure that a cybercrime event does not threaten to bankrupt their company.
Increased focus on collaboration to combat cybercrime
Due to the global nature of cyber threats, particularly as a tool to aid in warfare, there will be an increased focus on collaboration and information sharing among national and international cybersecurity agencies. This will also trickle down into greater public-private partnerships, and will be used to combat cybercrime, address nation-state threats, and proactively detect and respond to emerging cyber threats.
Disinformation campaigns to lead to extortion schemes
Disinformation campaigns will be used to launch attacks or distract from ongoing attacks. We can expect to see related service offerings on the dark web, giving rise to disinformation as a service. This will impact politics and the private sector. Disinformation becomes a tool in the tool set of cybercriminals seeking to extract money from legitimate private businesses through extortion schemes. Attackers will increase their use of deep fakes, including video and voice.

“Cyber attacks like phishing are getting more difficult to detect,” said Stu Sjouwerman, CEO, KnowBe4. “It is imperative that employees keep the threat of phishing attacks top of mind and not become complacent. This is only made possible by recurrent security awareness training and simulated phishing so that end users have the knowledge to identify phishing attacks, report them and better protect their organizations. It comes down to building a strong security culture and we will see organizations continue to focus and build on this in 2024.”

The predicted trends were collected from KnowBe4’s global team of security awareness advocates who are experts with decades of experience in the cybersecurity field. For more information on KnowBe4’s team of experts, visit https://www.knowbe4.com/security-awareness-training-advocates

About KnowBe4

KnowBe4, the provider of the world’s largest security awareness training and simulated phishing platform, is used by more than 65,000 organizations around the globe. Founded by IT and data security specialist Stu Sjouwerman, KnowBe4 helps organizations address the human element of security by raising awareness about ransomware, CEO fraud and other social engineering tactics through a new-school approach to awareness training on security. The late Kevin Mitnick, who was an internationally recognized cybersecurity specialist and KnowBe4’s Chief Hacking Officer, helped design the KnowBe4 training based on his well-documented social engineering tactics. Organizations rely on KnowBe4 to mobilize their end users as their last line of defense and trust the KnowBe4 platform to strengthen their security culture and reduce human risk.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231113070103/en/

For more information please contact Kathy Wattman at pr@knowbe4.com | 727-474-9950.

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