The Most Dangerous Cyber Attacks to Look Out for in 2024

The global cost of a data breach last year was USD $4.45 million. This is an increase of 15% over three years. As we step into 2024, it’s crucial to be aware of emerging technology threats. Ones that could potentially disrupt and harm your business.

Technology is evolving at a rapid pace. It’s bringing new opportunities and challenges for businesses and individuals alike. Not all technology is benign. Some innovations can pose serious threats to our digital security, privacy, and safety.

Take a look at we highlight what dangerous cyber attacks we think will arise in 2024.

 

5G Network Vulnerabilities

This is a cyber attack we expected to see a lot in 2023. The widespread adoption of 5G technology introduces new attack surfaces. With an increased number of connected devices, the attack vector broadens. IoT devices, reliant on 5G networks, might become targets for cyberattacks. Securing these devices and implementing strong network protocols is imperative. Especially to prevent large-scale attacks.

Ensure your business has a robust mobile device management strategy. Mobile is taking over much of the workload Organizations should properly track and manage how these devices access business data.

Ransomware Evolves

Ransomware attacks have evolved beyond simple data encryption. Threat actors now use double extortion tactics. They steal sensitive data before encrypting files. If victims refuse to pay, hackers leak or sell this data, causing reputational damage.

Some defenses against this evolved ransomware threat include:

• Robust backup solutions
• Regular cybersecurity training
• Proactive threat hunting

The Rise of Artificial Intelligence (AI)

2023 saw the incredible rise of AI technology. The importance of artificial intelligence has grew significantly and it’s becoming a huge part of most peoples’ everyday lives.

However, as with any powerful tool, there is a darker side to its potential use. We’ve already seen multiple ways hackers are using AI technology to their advantage.

Automated Vulnerability Identification

Hackers have traditionally relied on manual processes to identify system vulnerabilities and exploit them. However, AI-powered tools now enable cybercriminals to automate this process, scanning vast networks for weaknesses and potential entry points.

By leveraging machine learning algorithms, attackers can quickly and efficiently identify vulnerabilities, drastically reducing the time and effort required to initiate an attack.

Advanced Phishing Attacks

Phishing attacks have long been a popular method for hackers to deceive unsuspecting users and gain unauthorized access to sensitive information.

AI algorithms can significantly enhance the effectiveness of these attacks by analyzing vast amounts of personal data from various sources, such as social media platforms. This enables hackers to craft highly personalized and convincing phishing emails, making them extremely difficult to detect even by vigilant users.

Evading Intrusion Detection Systems (IDS)

AI-powered intrusion detection systems are designed to identify and block malicious activities.

However, hackers can use AI to generate attack patterns that mimic legitimate user behavior, effectively evading detection by IDS and making it harder for security systems to differentiate between legitimate and malicious activities.

Password Cracking

Password cracking is a common technique used by hackers to gain unauthorized access to user accounts. By leveraging machine learning algorithms, hackers can train models to analyze patterns and predict passwords more effectively, increasing the success rate of brute force or dictionary attacks.

This will also significantly decrease the time it takes to crack someone’s password, meaning less time to catch the hackers out before it’s too late.

Smishing and Mobile Device Attacks

Smishing is an attack that you’ll most likely come across this year.

SMS Phishing has actually been a threat for a long time and the only way you can avoid it is to be educated about this scam.

Smishing (SMS Phishing) is when a hacker sends out fake text messages to unsuspecting people, with the target of making them click a fake link and input their personal information or even payment/bank details.

Session Hijacking

Whenever you log into an account that has MFA enabled, usually you’ll be sent a “session token” which is like a secret code which you must input in order to complete your sign in.

Hackers are starting to try and intercept that key as it travels to your device and once they have that key, they can access your account and do whatever they like with it, such as steal your personal information.

it’s important to log into websites that use HTTPS to encrypt data transmitted between the user’s browser and the server in order to help reduce the risk of having your session hijacked.

Browser Password Theft

If you’re saving passwords and other personal information in your browser, whether it’s Chrome or Edge, you need to stop.

Hackers are able to steal your data that’s saved in your browser within seconds using a little device called a Rubber Ducky USB.

Take a look at another one of our blogs where we talk about how dangerous it is to store passwords in your browser, and to see exactly how hackers can steal them.

How Can You Defend Against These Attacks?

As technology evolves, so do the threats that we face. Thus, it’s important to be vigilant and proactive. Here are some tips that can help:

  • Educate yourself and others about the latest technology threats.
  • Use strong passwords and multi-factor authentication for all online accounts.
  • Store all your passwords in a secure password manager
  • Update your software and devices regularly to fix any security vulnerabilities.
  • Avoid clicking on suspicious links or attachments in emails or messages.
  • Verify the identity and legitimacy of any callers or senders. Do this before providing any information or taking any actions.
  • Back up your data regularly to prevent data loss in case of a cyberattack.
  • Invest in a reliable cyber insurance policy. One that covers your specific needs and risks.
  • Report any suspicious or malicious activity to the relevant authorities.

 

Is Your Business Ready For 2024?

As we step into the future, the question remains: Is your law firm’s cybersecurity prepared to meet the challenges of 2024? It’s time to reassess and reinforce your cybersecurity posture.

Take our comprehensive quiz now to evaluate your firm’s readiness and discover how Reformed IT can fortify your digital defenses.

Interested in what else our IT Support package includes?

There are many reasons that IT support with Reformed IT is a great choice for your business or organisation. If you choose Reformed IT for your IT support, you'll receive all these benefits including help from members of our experienced team when needed.

Unlimited IT Support

We provide fully inclusive, onsite and remote IT support. In addition to that, it won't cost you extra for an engineer to attend your site to resolve a technical issue.

Device Status Monitoring

When we take on your IT support, we deploy our monitoring agent onto all devices and servers. This alerts us to any issues which you may be unaware of.

Data Breach Monitoring

There are over 8 billion breached passwords and personal information available on the dark web. There's a possibility that some of this data relates to your employees. We'll monitor dark web activity and provide reports of breached passwords.

Cyber Essentials Certification

We ensure every one of our clients achieve their Cyber Essentials certification at no additional cost. We also help them towards Cyber Essentials Plus ensuring that everything is ready for assessment.

Office 365 Monitoring

We monitor your Microsoft 365 tenancy with our 24/7 security operations centre. If there is strange activity we'll find it immediately  and alert you or resolve the issue straight away. Keeping your business secure.

Anti-Virus Software

Everyone wants to avoid computer viruses. We include anti-virus software as part of our IT support package to keep your devices safe and to save time when it comes to viruses.

Email Security

Over 90% of cyber attacks start with a phishing email. It's crucial that your business has the best defence against cyber criminals and scams when regarding your mailbox.

Backups for Office 365

We will ensure that all of your emails and files are backed up, at no extra cost. We recognise the importance of backups and disaster recovery so we feel it shouldn't be an added extra.

Managed Email Signatures

With our included Exclaimer signatures for Office 365 service, you can get more out of your email signatures instead of a simple message with no images.

Cyber Security Training

To keep you even safer from hackers, we provide globally recognised and market leading Cyber security training by PhishingTackle. This online training portal will provide your teams with guidance and information to reduce the risk of hackers and scams.

Asset and Warranty Tracking & Reporting

We provide you with a list of your current assets in the business by using our powerful remote management tools. This creates a monthly asset report so you can keep track of your hardware life cycles.

Reformed IT Academy

We'll provide your business with the best IT training and learning sources. With the Reformed IT Academy, you’ll be able to watch and complete over 700 courses to help grow your knowledge and skills.

Password Manager

Password managers make storing and creating passwords much easier and safer. Keeper password manager also auto-fills passwords making the sign in proccess much quicker.

Cyber Threat Monitoring

With Huntress, you'll have an extra layer of security to help keep hackers out of your business. You'll be able to Monitor cyber attacks and malicious activity.

5.0 97 reviews

  • Avatar Nathan W. ★★★★★ 4 months ago
    Reformed IT have been beyond brilliant with helping us improve our current IT infrastructure and security. The services that they provide has taken enormous pressure off our internal … More IT team. They are always keen on sharing their knowledge and skills and always go above and beyond. I can’t recommend them highly enough.
  • Avatar Lisa S. ★★★★★ 4 months ago
    Absolutely brilliant service! Friendly, knowledgeable and really helpful without making me feel stupid for not understanding IT wizardry!
  • Avatar Debbie D. ★★★★★ 7 months ago
    Great service so far what with me being a new starter, & I've heard really positive things about Reformed IT from many of my colleagues, so I have no doubt this great service … More will continue!
  • Avatar Chloe J. ★★★★★ 10 months ago
    Reformed IT always provide excellent service and support. Since working for Walton and Allen the team have always been fast to resolve any IT issues I have had. Thank you for all of … More your help 🙂