Cybersecurity experts predict that the incidence of cybercrime will increase in 2024 and are warning businesses and organizations to prepare for the threat. According to them, developments in artificial intelligence (AI) herald an epidemic of cybercrime that will impact many organizations in 2024.
Trellix’s annual report on cybersecurity predictions for 2024 reveals that more complex ransomware and nation-state cyberattacks are likely to dominate this year. The Trellix Cyber Threat Report focuses on new programming languages in malware development, the adoption of malicious GenAI, and the acceleration of geopolitical threat activity. As technology evolves, so too does cybercrime. Nothing is more important for security leaders than understanding the changing landscape, as the CISO’s own role changes with it. His word of the year for 2023, chosen by Collins Dictionary, is “AI”, representing a major shift in the technology industry.
The already complex cybersecurity industry faces further uncertainty as cyberattackers leverage AI to create more sophisticated ransomware attacks. The big question in 2024 is how organizations can deal with this new wave of cyber threats and ensure business continuity. The cost of cybercrime has reportedly reached alarming levels and is predicted to reach a staggering $9.5 trillion by 2024. In response to this growing threat, businesses are increasing their efforts to strengthen their defenses and protect themselves from the growing threat of cyberattacks.