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IT security trends in 2024

25 December 2023
by: Aisha Javed
in: BlogPost
Tags: #ArtificialIntelligence, #cyberintelligence, #cyberprotection, #cybersec, #CyberThreat, #dataprotection, #DigitalBusiness, IT
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As much as we would like it, the number of cyber attacks will not be going down any time soon, on the contrary, companies must prepare for the fact that it can affect them anytime! As change is constant in the technology market, the cybersecurity landscape is also dynamic and subject to rapid changes. Therefore, it’s required for companies to undertake and review their security action as a top priority along with focusing on their ability to check and secure their blind spots and strengthen their IT security. Below is the list of some general areas that have been important in recent years, and are continuing to be relevant in 2024:

Zero Trust Security Model: The Zero Trust approach, which assumes no trust within or outside the network, is likely to gain more prominence as organizations strive to enhance their security posture. At its core, Zero Trust is founded on the principle of never trusting and always verifying. Unlike traditional security models that rely on perimeter defenses, Zero Trust assumes that threats can originate from both external and internal sources. Every user, device, and application is treated as potentially untrusted, requiring continuous authentication and authorization. Zero Trust addresses the shortcomings of perimeter-based security, offering a more resilient and adaptive approach to protect sensitive data and systems. Several major companies have successfully implemented Zero Trust, showcasing its effectiveness in diverse industries.

Artificial Intelligence and Machine Learning in Security: AI and ML are being used to enhance threat detection and response capabilities. As attacks become more sophisticated, these technologies can help in identifying patterns and anomalies. and help improve the efficiency and effectiveness of cybersecurity efforts by automating tasks, detecting threats in real time, and providing proactive defense mechanisms against a wide range of security challenges.

IoT Security: Securing these devices requires a holistic approach that addresses both technical and operational aspects. As the number of connected devices continues to grow, ensuring robust IoT security measures is essential to protect users’ privacy and prevent potential disruptions caused by security breaches.

Ransomware Protection: Ransomware attacks have been a significant threat, and organizations will likely continue to invest in advanced measures to protect against and recover from ransomware incidents.

Identity and Access Management (IAM): Strengthening IAM controls will remain a focus area to ensure that only authorized individuals have access to sensitive data and systems.

Endpoint Security: As remote work becomes more common, securing endpoints (devices like laptops, smartphones, etc.) will be crucial to prevent security breaches.

Regulatory Compliance: As data protection regulations evolve, organizations will need to stay compliant with existing and new regulations, which may influence security strategies.

Remember that the field of cybersecurity is rapidly evolving,and new trends and technologies may emerge. Staying informed, adopting a proactive security posture, and continuously improving security measures are key components of an effective ransomware protection strategy.

Top Tech trends for 2023: What can companies expect in 2023 and position themselves better?

05 December 2022
by: Aisha Javed
in: BlogPost
Tags: #cloudscalability, #cyberintelligence, #cybersecurityawareness, #EdgeComputing, #edgedevice, #hyperconnectivity, #InternetofThings, #it2023, #lowcode, #tech2023, #technologyinnovation, #techtrends, #veritas, cloudSecurity, IoT, Ransomware
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The year 2022 was marked by supply chain disruptions, inflation, debt, labor market gaps, geopolitical uncertainties, fears of recession and increasing ransomware attacks. These developments continue to pose a critical threat to the companies. But it is also important to look into the future at the end of the year to be better prepared for the challenges and opportunities to come & heal covid19 scars.

Cloud budgets are being analysed more closely

According to a recent report by Veritas, misunderstanding about cloud security, scalability and storage has led most enterprises spending much more than anticipated. 93% of companies overspend on the cloud, exceeding budgets by an average of 43%. As the amount of data increases every year, the cost of storing it in the cloud also increases. For IT teams, this is becoming increasingly difficult to justify. Exceeding budget is mainly due to the misunderstanding nearly all organizations had that CSPs are responsible for protecting their assets in the clous. Although cloud adoption has enabled most companies to implement advanced business strategies, future CEOs and boards of directors will demand more transparency into the return on investment (ROI) of cloud spending. IT managers are under great pressure to justify their cloud budgets while finding new solutions to reduce data volume as Veritas expect IT spending to be reviewed even more closely in 2023.

The vast majority of enterprises fail to stay within their cloud budgets

Low-code and no-code make compliance difficult

As the demand for hyper-automation and IT modernization is growing at an exponential rate, low-code and no-code applications are contributing significantly to the democratization of application development in companies. In 2023 they will become even more established. The global low-code platform market is forecasted to generate a revenue of $187.0 billion by 2030, increasing from $10.3 billion in 2019, and is expected to reach 31.1% CAGR in the forecast period (2020-2030).

Employees without a technical background (citizen developers) can develop their own applications. Almost 60% of the custom apps are now built outside the IT department. Of those, 30% are built by employees with limited or no technical skills, creating huge compliance issues for businesses. Because citizen developers are less experienced in implementing security and privacy systems. Creating new vulnerabilities that can be exploited by cyber criminals.

Edge device vulnerability

Gartner analysts predict that by 2025, around 70% of of the data managed by organizations will be created and processed outside of the data center or cloud vs 10% now. Adoption of edge devices are considered as the solutions that facilitate data processing & generation. But this increasing shift of data processing to the edge complicates the IT architecture and increases the attack surface. Because of the lack of IT specialists, it is often not possible to provide the same level of protection at the network edge as in the data center or the cloud. Nevertheless, to fully protect the enterprise, every single edge device must be secured.

IOT & hyper-connectivity

We live in a hyperconnected world where worldwide companies are under huge pressure of shearing and integrating data in a smart way. It’s predicted that there will be more than 43 billion connected devices by 2023 with the goal of generating, collecting, shearing and helping companies to make use to data in the smartest way possible. 5G technologies are also boosting the full potential of IoT & hyper-connectivity. It’s true that IoT devices make our lives easier and more convenient but also comes with huge security issues if not well protected.

As the number of devices explodes during 2023 and beyond, device manufacturers and security experts will have to strengthen their strategies to fight against cyberattacks and minimize the chances of losing valuable data.

Credential Stuffing Attacks: How to Protect Yourself

25 January 2021
by: Aisha Javed
in: BlogPost
Tags: #akamai, #bot, #credentialstuffing, #cyber, #cyberintelligence, #cybersec, #cyberthreats, #darkweb, #databreache, #hackers, #ThreatIntel, CISCO, CyberCrime, Cybersecurity, DataPrivacy, IoT, Ransomware
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GLOBAL INTERNET USERE 2020

As we look forward to the hopefully great year ahead, let’s rewind a year that seems to have more episodes than Game of Thrones. Companies all across the globe were put into a huge test followed by a rapid shift from office working to home-office prompted by the coronavirus pandemic. Nearly overnight, organizations worldwide had to enable remote workforces to support their business requirements. COVID-19 has in many ways unleashed a new set of challenges and/or accelerated existing challenges, such as ransomware, data breaches, API attacks, cyber-fraud and unemployment frauds, within global enterprises.

It’s clear-cut that technology and security teams struggled in 2020 to respond as quickly to the changing environment as did the cybercriminals, who took advantage of an environment of unexpected change, extraordinary shifts in employees’ working process, and technology used by governments and worldwide companies.

Akamai reports that global internet traffic has grown by as much as 30 percent in 2020, while Statista observed that only in October 2020, online traffic across 20 different industries increased by 1.5% compared to the reference period in January 2020. Online transactions increased by 26.7 % compared to 2019. Another report from Cisco predicted there will be 5.3 billion total Internet users (66 percent of the global population) by 2023, up from 3.9 billion (51 percent of the global population) in 2018. That’s nearly two-thirds of the global population with Internet access.

The internet has gained more popularity in 2020, internet users are currently growing at an annualized rate of more than 7%, equating to an average of more than 875,000 new users each day. With this massive increase in the global internet traffic, Akamai is seeing over a hundred million of these attacks every day, with a peak of nearly 300 million a day, only in its own customer base. On the one hand, the internet is serving humanity, on the other hand, it has become the best place of like phishing, fraud, identity theft, Email Spoofing, bullying, cyberstalking, Malware, computer viruses.

In the history of cybercrime, the global coronavirus pandemic has added the credential stuffing problem to it extend. For those who don’t know, in this attack method, a cybercriminal tries a large number of stolen credentials on multiple websites. In order to gain unauthorized access to as many user accounts as possible to carry out attacks or fraudulent activities.

Transactional bots are getting popularity among hackers, as they act as agents on behalf of hackers. Bots aren’t typically created to compromise just one individual computer, they’re designed to infect millions of devices. An attacker first identifies websites with valuable accounts such as credit institutions, online shops, etc. In the Darknet, he then acquires lists of stolen login data and rents a botnet to automatically check the account list on the advised website. If a credential stuffing attack is successful, the attacker either sells the new, validated access data in the darknet or uses it himself. With the stolen data, fraudsters can then, for example, log into third-party accounts and carry out financial transactions.

Attacks like these often have very unpleasant consequences for the concerned companies and institutions, Application failures due to impaired web performance (73%) and recovery costs (63%) are among the greatest burdens, but also lower customer satisfaction, lost sales and financial losses (all-around 40%) have a significant weight (Akamai).

Here below are the few possible ways to protect yourself against credential stuffing attacks.

Protecting yourself from credential stuffing is pretty simple if you use the same password security tips that security experts have been recommending for years. For effective protection against bot attacks, it is recommended in the first step not to reuse the passwords, use a password manager, enable two-factor authentication, and get your leaked password notifications.

By using a unique password for each online account, you can protect all of your accounts at once. Because even if one of your passwords gets leaked, it can’t be used to sign in to other websites. As remembering strong unique passwords, for each account you have, is a nearly impossible task, the use of a password manager is recommended. It can not only remember your passwords but also generate strong unique passwords. Additionally, don’t ignore the 2-factor authentication. It is much more difficult to hack your account if you’re using two-factor authentication on it. As it adds an additional layer of security to the authentication process, it harder for attackers to gain access to your devices or online accounts.

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