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Through The 2024 Looking Glass: Navigating Advanced Cybersecurity Terrain

Dec 27, 2023 - forbes.com
Grayson Milbourne, a security intelligence director at OpenText Cybersecurity, predicts that the cybersecurity landscape will evolve significantly by 2024, with a rise in sophisticated phishing techniques and ransomware-as-a-service (RaaS) attacks. He suggests that artificial intelligence (AI) will play a crucial role in enhancing these threats, making them more challenging to detect and counter. To mitigate these risks, Milbourne recommends businesses to invest in security awareness training and robust verification procedures.

He also emphasizes the importance of adopting a software bill of materials (SBOM) to identify potential vulnerabilities in the code and enhance cybersecurity. He believes that the adoption of SBOMs will become crucial for businesses to uncover potential software risks and correct known vulnerabilities before they result in an attack. He also suggests businesses to create ransomware response playbooks and rehearse them to ensure a swift and effective response in the event of an attack.

Key takeaways:

  • The rapid advancement of AI technology is making cyber tactics against small- and medium-sized businesses (SMBs) more sophisticated and effective.
  • Ransomware-as-a-service (RaaS) attacks are surging and becoming the primary operating model for ransomware gangs, making ransomware attacks easier to create.
  • SMBs will need to adopt a software bill of materials (SBOM) to know what potential vulnerabilities exist within their code and to enhance their cybersecurity.
  • As technology continues to advance, the need for businesses to heighten their awareness to protect against emerging threats is crucial.
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