2024 Cybersecurity Trends

2024 Cybersecurity Trends


In fact, one of the things we’ll see in the future are more AI-based threats. But more on that in a few minutes. What we’re going to see,  though, also, is that change is the only constant.  So that means things will be similar to the past, but there will also be new things that we’re going to take a look at. One of the new things that we think is on the positive side is that we’re going to see a move away from passwords toward past keys. There’s a new standard called Fido that allows you to not have to send a password,  but in fact, you do something that is simpler,  easier to use, and more secure. We don’t normally get to do both of those at the same time, and we’re going to need it. And what’s the reason for that? Well, because AI, as we mentioned in some articles before, is going to be an increasing threat factor for us.


Artificial Intelligence

artificial intelligence

AI-based phishing emails are going to become more and more common, we expect because they can generate what are very convincing emails to get people to try to log in or share their credentials in ways that they shouldn’t. And this is a very efficient way of doing it. However, if you don’t have a password in the first place if you only have something that is a secret that stays on your system, then there’s no way for someone to  fish that out of you. So this is going to be a good thing to try to help against that. Now,  there are other things that we can take a look at that also in the air space, generative AI, we think we’re going to see an increased use of deep fakes.


Deep Fakes

deep fake


These are things where we simulate the voice, the image, the likeness of an individual. And in fact, deepfake technology has become so good and it is so prevalent. If you have a mobile phone, it’s probably already built into your operating system. In most cases. You may not know about it, but it’s there. So you could use this kind of technology to fake someone out, have them believe something that’s not true. For instance, have someone call a relative and say, I need money. It sounds like it’s your voice. So they send the money. So we’re going to need to do more in terms of educating people about deep fakes.


We’re going to ask you to think again about that.  Deepfake technology will always keep getting better and it will eventually be to the point where I don’t think detection is going to work. In many cases, we’ve already seen this happen. So the focus needs to be not on detecting the deepfake with some sort of technology, but building security mechanisms around it so that we’re not reliant on the information that’s in the deepfake itself.


Other things that we’re going to take a look at would be a threat that comes to us from generative AI and that’s hallucinations. That’s what generative AI does,  right? So I’m leveraging that.





We’re going to be more and more dependent upon generative AI, large language models, and chat bot to give us information. The problem is, that some of the information they give us isn’t always right.   And we call those hallucinations, and we’re going to make decisions based upon that that could cause security threats to us. So we hope that there will be other technologies, things like retrieval,   augmented generation, or what we call rag technology that will help reinforce and make this system better and more accurate. Other things that we can do to tune the models and train them better so that they don’t hallucinate nearly as much going forward. And then finally, we’re going to say something. We want to leave you with a positive in terms of a look at the future. And that is there’s this symbiotic relationship between AI and cybersecurity,   and that is we’re going to use AI to do a better job of cybersecurity. In fact, there’s a lot of   things that we can do in this space to leverage  generative AI in order to better think about the   way someone would attack us. Also summarize cases  and things of that sort. So I think we’re going to be able to do a better job with cybersecurity by leveraging AI. By the same token, we’re going to need to use our cybersecurity skills in order  to secure this AI so that it can be trustworthy,   so that we can, believe that the information it gives us is true. Okay,   that’s the future. And it’s not a big surprise  that the future is very heavy. However, there’s   a lot of existing threats that have continued to  persist and will continue to persist as we move   into the future. Let’s take a quick look at the  scorecard from last year’s predictions and see which ones of those actually came true and which  ones carry forward. I mentioned data breach last   year when I did the video, and in fact, it turns  out that the cost of a data breach has continued   to increase. In fact, now we’re on the order  of four and a half million dollars on average   worldwide. And in the US that number is almost  twice as high. So that one I’m going to say yeah,   came true ransomware. In fact, we’ve continued to  see ransomware persist. The the overall numbers   are a little bit down but the amount of time it  takes to run one of these attacks has changed   dramatically. This according to the X-Force Threat  Intelligence Index, which says that back in 2019,   we were looking at 60 days on average to deploy  one of these. Now we’re down to about four days.   So this is kind of a mixed bag. You know, this  is it’s sort of true. Sort of not true. But   ransomware is going to continue to be a threat  and it’s a faster threat than it used to be.



Multifactor authentication.


I don’t know about you, but we’re definitely seeing more websites that are offering this as an alternative and we’re taking advantage and you should as well.  We think we’ll continue to see a lot more of that as we go forward. IoT, Internet of Things,   threats. Yes. We’ve seen there was one study that came out that said there was in fact,  a fourth percent increase in IoT attacks in this year, 2023. So that one is definitely continued.   We don’t see that one changing.




According to a report by The Motley Fool, the aggregate value of all cryptocurrencies more than doubled in 2023, with a resurgence in Bitcoin leading the way. Bitcoin’s phenomenal 2023 may be difficult, if not impossible, to repeat. The new year may feature another crypto black swan event. The report also predicts that the aggregate value of all cryptocurrencies will continue to grow in 2024, but at a slower pace than in 20231.

Another report by Bitwise Investments predicts that Bitcoin will trade above $80,000, setting a new all-time high. Spot Bitcoin ETFs will be approved, and collectively will be the most successful ETF launch of all time. Coinbase’s revenue will double, beating Wall Street expectations by at least 10x


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