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Cybersecurity 2024: AI threats, data phishing, and regulations

Discover our predictions for 2024's biggest cybersecurity trends and learn how to stay ahead with proactive security strategies.

Balazs PoznerJanuary 23, 2024 · 6 min read · Last Updated:

AI-code vulnerabilities, biometric hacks, & stricter regulations — let’s see what we’re in for in 2024

As we kick off the new year, we naturally wonder about what’s in store for cybersecurity in the months ahead.

With technology evolving faster than ever, we expect some important advancements, but there’s a flip side too — new risks on the horizon we might not be prepared for. Keeping an eye on AI will be critical, as it won’t just make software development faster and more accessible; it will also introduce vulnerabilities with it.

  • AI-generated code vulnerabilities

In 2024, we anticipate a more widespread adoption of AI-generated code in software development. This trend is fueled by AI’s ability to streamline development processes. However, it’s critical to recognize that this convenience is not without its challenges. The automated nature of AI raises concerns as it may unintentionally introduce novel vulnerabilities into systems, especially when teams are in a rush to push new code out and do not perform comprehensive quality checks.

As Levente Molnár, Hackrate’s CTO explains: “Developers need to be cautious and not blindly rely on AI tool recommendations. Critical thinking and a solid understanding of software security principles are crucial.

To ensure the security of AI-generated code, developers can adopt a comprehensive testing strategy. They need to combine manual testing, automated testing, and bug bounty programs to create a robust and comprehensive security testing strategy for AI-generated code.

Manual testing ensures a human-in-the-loop evaluation, while automated testing and bug bounties complement this approach by providing broader coverage and engaging a wider pool of security experts. It also uncovers subtle vulnerabilities, provides in-depth insights into code behavior, and boosts overall confidence in security. Automated testing and bug bounties broaden coverage and engage a wider pool of security experts.”

  • Advanced data phishing techniques

“According to GetApp research, the number one concern of IT security managers in 2024 will be advanced phishing attacks.”

Cybercriminals are constantly refining their approaches to deceive individuals and organizations through data phishing. 2024 is expected to see a surge in more sophisticated phishing techniques, as well as a new technique, SEO poisoning, designed to attract victims to lookalike websites by exploiting search engine algorithms emphasizing the need for heightened user awareness, robust email security measures, and continuous education on identifying and preventing these attempts.

  • Biometric data vulnerabilities

A Forbes article, Navigating the cybersecurity landscape in 2024, mentions that the widespread adoption of biometric authentication methods will lead to more attempts to bypass or compromise these systems. In 2024, can expect a rise in attacks targeting biometric data, challenging the reliability of this authentication method. Safeguarding biometric information will be a critical aspect of securing digital identities.

  • Rising regulatory scrutiny

Governments worldwide are expected to respond to the escalating cyber threats by tightening regulations. In 2024, we can anticipate increased regulatory scrutiny, with stricter national and regional cybersecurity measures to protect critical infrastructure, sensitive data, and state interests. Organizations must keep up with these regulations to ensure compliance, enhance overall cybersecurity posture, and avoid fines.

A great example of introducing stricter regulations is the UK’s new PTSI Act, enforcing IoT device manufacturers to implement a set of extra security measures for more secure products. Find out more about the legislation from our blog post.

Another example is the enforcement of the Digital Operational Resilience Act (DORA), a key regulation within the European Union aimed at raising cybersecurity standards for enterprises, from January 17, 2025. DORA is tailored specifically for financial entities within the EU-27, including banks, insurance companies, credit agencies, and similar institutions. Companies impacted are obligated to establish measures to safeguard data against malicious manipulation, destruction, or theft. Failure to comply with these directives could result in sanctions and penalties.

  • Growing importance of analytics and monitoring in security testing

As companies have increasingly complex security needs, the role analytics and monitoring play in security testing will also intensify. The ability to detect anomalies and potential breaches in real time will be crucial for organizations to enhance their cyber resilience. Superficially performed pentests give companies a false sense of security and often miss vulnerabilities that lead to serious data breaches in the future.

As Balázs Pózner, Hackrate’s CEO said: “Currently, only a few companies prioritize monitoring their penetration testing activities. However, there is a growing need to get evidence of the comprehensiveness of security tests, and I predict that this will evolve into a widely accepted industry best practice.”

  • Increased adoption of proactive security strategies

Recognizing the rapid evolution of cyber threats, we will see more companies embracing proactive cybersecurity strategies, such as running regular pentests, using Ethical Hacking services or implementing a managed Vulnerability Disclosure Policy. This shift involves a holistic approach, combining technology, employee training, and building more robust defenses to mitigate potential risks.

The best way to prevent data breaches is to be proactive about security

Looking ahead, cybersecurity faces a dual reality of advancements and risks. The increasing use of AI-generated code in software development will improve speed and efficiency but also introduce vulnerabilities. Ransomware threats grow in sophistication, data phishing techniques evolve, and biometric data security becomes a pressing concern.

Global regulatory scrutiny is on the rise, emphasizing the need for compliance to protect critical infrastructure. Analytics and monitoring in security testing are crucial for real-time threat detection. Proactive security strategies, combining technology, training, and policies, are essential for organizations navigating the dynamic cybersecurity landscape. Ultimately, preparedness and vigilance will be key to securing a resilient digital future.

Want to strengthen your digital defenses? Or receive a thorough assessment of your cybersecurity posture? Get in touch with us — our team is always happy to chat.

Written by Balazs Pozner
CEO and Founder of HACKRATE Ltd.

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