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Cybersecurity warning: Prepare for rising attacks in 2024

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TLDR:

  • Cyber security experts predict an increase in cyber attacks in 2024.
  • Artificial intelligence (AI) is expected to contribute to the rise in cybercrimes.
  • The Trellix Cyber Threat report highlights new programming languages in malware development and the acceleration of geopolitical threat activities.
  • The cost of cybercrime is projected to reach $9.5 trillion in 2024.

Cyber security experts are warning businesses and organizations to prepare for an increase in cyber attacks in 2024. The development of artificial intelligence (AI) is expected to contribute to the rise in cybercrimes, with more complex ransomware and nation-state cyberattacks likely to dominate the year. The Trellix Cyber Threat report highlights the use of new programming languages in malware development, the adoption of malicious GenAI, and the acceleration of geopolitical threat activities.

As technology evolves, so does cybercrime. The role of the Chief Information Security Officer (CISO) is changing in response to the evolving cyber threat landscape. The use of AI by cyber attackers to create more sophisticated ransomware attacks has added uncertainty to the cybersecurity industry. Businesses are now faced with the challenge of tackling this new wave of cyber threats while ensuring business continuity.

The cost of cybercrime is reportedly reaching alarming levels, with estimates projecting a staggering $9.5 trillion for 2024. In response to this escalating threat, companies are intensifying their efforts to fortify their defenses and protect against cyber attacks.

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