Netwrix, a cybersecurity vendor that makes data security easy, today released key IT security trends that will affect organizations of all sizes in 2024.
Dirk Schrader, VP of Security Research, and Ilia Sotnikov, Security Strategist, share five trends expected in the coming year:
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Cyber insurance requirements will tighten. With successful cyberattacks leading to increasing payouts, insurers will require more organizations to have strong security measures in place to qualify for a policy or to reduce premiums. Common requirements today include multifactor authentication (MFA), patch management and regular security training for business users. In 2024, identity and access management (IAM) is likely to join that list, especially for the enterprise sector. What’s more, we expect insurers to partner with managed service providers (MSPs) to help ensure a minimum level of security at small and midsize companies.
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Attackers will increasingly harvest encrypted data, even if they cannot yet unlock it. Quantum computing is advancing rapidly, so forward-thinking cybercriminals will be stealing encrypted data that they cannot unlock with today’s technology but that they might soon be able to decrypt. The top targets will be organizations with large volumes of sensitive data, such as government and defense agencies, financial and legal firms, and large corporations with valuable intellectual property. To reduce risk, organizations should not treat encryption as a panacea but instead build a multi-layered strategy that includes data classification, risk assessment and mitigation, and incident detection and response. In addition, they should remember that data harvesting can go unnoticed when there is no immediate ransom demand or other visible consequences, and improve monitoring of activity around their sensitive data, including encrypted content.
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AI tools will make it easy for cybercriminals to glean the details they need. AI will enable threat actors to…
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