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Cybersecurity + Reputation Risks for 2024

Alan W. Silberberg

Top 15 Cybersecurity + Reputation Risks for 2024

Cybersecurity is a rapidly evolving field, and it’s important to stay up-to-date with the latest threats. Here are the top cybersecurity + reputation risk problems for 2024:

  1. Ransomware: Ransomware is a type of malware that encrypts a victim’s files and demands payment in exchange for the decryption key. It is expected to continue to be a major threat in 20241.
  2. AI-assisted phishing attacks: Cybercriminals are using AI to create more sophisticated phishing attacks that are harder to detect7.
  3. Nation-state-supported cybercriminal gangs: Nation-states are increasingly supporting cybercriminal gangs to carry out attacks on other countries8.
  4. Zero-day vulnerabilities: Zero-day vulnerabilities are software vulnerabilities that are unknown to the software vendor and can be exploited by attackers8.
  5. Modern phishing: Phishing attacks are becoming more sophisticated and harder to detect8.
  6. Data breaches in healthcare: Healthcare data breaches are increasing, and the healthcare industry is expected to be a major target in 20244.
  7. Remote work security challenges: Remote work is here to stay, and it brings new security challenges4.
  8. Global cyber conflicts: Cyber conflicts between countries are escalating rapidly4.
  9. Human error: Human error is the main reason for cybersecurity breaches4.
  10. Cloud security: Cloud security is becoming increasingly important as more businesses move their data to the cloud4.
  11. Forced cybersecurity regulatory issues: New laws and rules about reporting breaches and the costs if companies do not comply are expected to be enforced in 2024.
  12. Polymorphic malware: Polymorphic malware is a type of malware that constantly changes its identifiable features in order to evade detection.
  13. Failure to do DFIR on networks before attacks: Failure to conduct Digital Forensics and Incident Response (DFIR) on networks before attacks leaves many companies open in ways they do not understand to attacks. This also applies to high profile individuals like CEOs and celebrities.
  14. Cybersecurity insurance: The need for cybersecurity insurance is increasing due to both the increased risk of attack and the increased use of AI by criminals to find vulnerabilities. Additionally, the increasing amount of previously hacked materials now out on the dark or deep web makes cybersecurity insurance more important than ever6 8.
  15. Hostile foreign nation states: Hostile foreign nation states with significant cyber capabilities, such as Iran, North Korea, China, Russia, and others, are no longer just targeting other nation states like the USA. They are fully targeting companies in most industries for both money and intellectual property crimes1 2 3 4 5.

How to Protect Your Business

To protect your business from these cybersecurity problems, it’s important to take a proactive approach. Here are some steps you can take:

Invest in cybersecurity training: Make sure your employees are aware of the latest threats and know how to identify and respond to them.

Use strong passwords: Encourage your employees to use strong passwords and two-factor authentication to protect their accounts.

Use multi-factor authentication. Do this on every device and in every application possible for every person in your organization.

Keep your software up-to-date: Make sure all your software is up-to-date with the latest security patches.

Use antivirus software: Use antivirus software to protect your systems from malware and other threats.

Backup your data: Regularly backup your data to protect against data loss in case of a cyberattack.

Consider cybersecurity insurance: Cybersecurity insurance can help protect your business from the financial impact of a cyberattack6 8.

By taking these steps, you can help protect your business from the top cybersecurity problems of 2024.

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References:

1: Iran Cyber Threat Overview and Advisories | CISA2: U.S. intelligence warns of “diverse array” of global threats in annual …3: Four Iranian Threats to U.S. Homeland | The Iran Primer4: Homeland Threat Assessment October 2020 – Homeland Security5:

Source(s)

1. Governance Risk in Cyber + Reputation Security – Digijaks Group Crisis …

2. NIST Releases Draft Guidance on Internet of Things Device Cybersecurity …

3. Cybersecurity Framework | NIST – National Institute of Standards and …

4. Cybersecurity | NIST – National Institute of Standards and Technology

5. practices are mandated by legal or regulatory requirements and the …

6. Research and Analysis – Digijaks Group Crisis Security

7. Cyber + Reputation Crisis Readiness – Digijaks Group Crisis Security

8. Evaluating and Improving NIST Cybersecurity Resources: The …

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