As we step into 2024, the cybersecurity landscape continues to evolve. Lightwire Solutions, in collaboration with our trusted security partner ICS Cyber, put together a list of 2024 cyber security predictions that businesses will face.
1. Multifactor Auth moves to auth app only.
One of the key predictions for 2024 is the transition towards using authentication apps for multifactor authentication. Employers will need to educate their employees on how to handle personal cell phones for this purpose.
2. Email security records must be set.
Any email being sent from your domain will need to make sure that the correct DMARC and DKIM records are set. This includes 3rd party apps like Constant Contact, Mailchimp, and any software that sends email on your behalf. All major email providers are now auto rejecting emails that do not have those records set correctly.
3. Having a Zero Trust solution will become mandatory for compliance and cyber liability insurance.
Zero trust software prevents unknown software from running on a computer. This is provided with the ICS Cyber package.
4. Security concerns around AI will be validated.
Phishing emails have already increased by 464% from 2022 to 2023 due to AI being used to send the emails. AI is already being used to spoof phones calls, voices, and video to steal sensitive information.
5. The cost of Cybercrime will increase.
Current predictions for the cost of cybercrime in 2024 is $9.5 trillion.
6. User cyber training and testing will become required.
Training users on how to spot phishing emails and testing their awareness is already required for most cyber liability insurance policies.
7. Outdated operating systems.
With Windows 10 reaching its end of life in 2025, transitioning all devices to Windows 11, or a new supported OS will be required. Making sure that all devices connected to the internet have the most up to date security patches is a must. Having proof that patches are done monthly from either your MSP or 3rd Party security vendor is recommended.
8. Vendor management.
An often overlooked aspect of cybersecurity is vendor management. Companies need to maintain a list of all vendors they use, monitor their access to network resources, and assess the risk associated with each vendor. If using a cloud solution from a vendor, thorough risk assessment and communication are essential to mitigate potential security risks.
Implementing these security measures and best practices can help safeguard your business’s sensitive data and protect against the ever-growing threat of cyberattacks in the year ahead.
To learn more about how to prepare your business for these changes in the cybersecurity landscape, contact Ligthwire Solutions today!