Cybersecurity 2024: Trends, Statistics, and Essential Security Tips

As we venture deeper into 2024, the digital landscape continues to evolve, bringing fresh cybersecurity challenges and trends.

Reflecting on the key statistics from 2023 can provide valuable insights into what to expect and how to prepare for the year ahead.

2023: A Year in Cybersecurity Statistics

Last year was significant in terms of cybersecurity incidents and developments:

• The exposure of over 5 billion personal records marked a 20% increase from 2022. (IT Governance)
• A 95% increase in ransomware attacks posed serious threats to businesses, resulting in average losses of $4.2 million per incident. (DarkReading)
• Over 72% of businesses worldwide were affected by ransomware attacks. (Statista)
• Across UK businesses, there were approx. 2.39 million instances of cybercrime and approx. 49,000 instances of fraud as a result of cybercrime. (Cyber Security Breaches Survey)
• 90% of corporate security breaches are the result of phishing attacks. (Digital Guardian)
• There’s been a 400% increase in IoT malware in a year, reflecting the growing interconnectedness of our devices. (TechRadar)
• Cryptojacking volume in the first half of 2023 reached 332.3 million, an increase of 399%year-to-date, showing the evolving methods of cyber criminals. (Sonicwall)
• 106 million individuals have been affected by cyberattacks involving healthcare organisations, more than double the amount reported in 2022. (Chief Healthcare Executive)

2024 Cybersecurity Projections

Based on these statistics, here are some key projections for 2024:

• AI-Driven Cyber Threats: The advancement of AI technologies is likely to lead to more sophisticated cyber-attacks.
• Remote Work Risks: Continued remote work trends necessitate stronger remote access security measures.
• Regulatory Reforms: Expect tighter cybersecurity regulations, especially in data privacy.
• Cloud Security: As more businesses migrate to cloud services, the focus on cloud security will intensify.
• Cybersecurity Skill Gap: The demand for skilled cybersecurity professionals will grow in the face of an expanding talent gap.
• Outsourced Security as a Service: With an increase in complex security demands, organisations will benefit from specialist “as a service” partners to manage their security requirements.

Enhancing Your Security Strategy in 2024

To combat these evolving threats, here are our essential tips for bolstering your data security strategy:

• Implement Robust Access Controls: Use user authentication and role-based access controls to limit access to sensitive data.
• Two-Factor Authentication: Strengthen login processes by adding an additional verification step, ideally using number-matching push notifications which helps prevent MFA fatigue attacks.
• Strong Passwords: Enforce stringent password policies and encourage the use of a password manager.
• Regular Security Audits: Conduct thorough security audits and vulnerability scans to uncover any weaknesses in your systems.
• Update Systems Regularly: Regular updates are crucial as they often include critical security patches.
• Employee Training: Educate your workforce regularly about cybersecurity risks. A knowledgeable team is a formidable defence line.
• Backup & Disaster Recovery: Develop a robust backup and disaster recovery plan, including an immutable backup copy.

Partner with Krome for Enhanced Data Security Solutions

At Krome, we understand the complexities of implementing an effective IT security strategy.

Our expertise can support you in minimising risks, maintaining the integrity of sensitive information, blocking unauthorised access, and preventing or recovering from successful cyber-attacks.

Cybersecurity Services include:

• Security Operations Centre (SOC Service)
• Phishing Assessment Service
• Cyber Essentials Plus Assessment
• Ransomware Protection Assessment
• Vulnerability Scan Assessment
• Security Consultancy

For more detailed information on how we can strengthen your security defences, contact us today, or complete the form below. Together, we can ensure that your organisation is well-prepared to face the cybersecurity challenges faced this year, and beyond.