Types of Cyber Attacks to Expect in 2024

Types of Cyber Attacks to Expect in 2024

Insights from the Nerdcore Cyber Threat Report

In today’s interconnected world, where digital transformation is rapidly evolving, cyber threats continue to pose a significant risk to businesses of all sizes. The nerdcore Cyber Threat Report for 2024 sheds light on the evolving landscape of cyber attacks, offering valuable insights into the types of threats organizations can expect to face in the coming year. Let’s delve into some of the key takeaways from the report and explore the potential types of cyber attacks on the horizon.

Small businesses are often targeted by cyber threats, being three times more vulnerable than larger organizations. Nerdcore cyber team dedication to providing up-to-date threat intelligence is essential, given that SMBs account for 80% of their user base.

 In 2023, there was a notable rise in cyber threats, with malware attacks increasing by 11% compared to the previous year. Encrypted threats saw a significant 117% increase, while crypto jacking surged by 659%. Surprisingly, never-before-seen malware detections decreased by 38%, indicating that attackers are focusing on refining existing methods rather than developing new ones.

The global volume of malware attacks in 2023 hit 6.06 billion, the highest since 2019. Asia and Europe saw a decline in malware incidents, while North America and LATAM experienced increases of 15% and 30% respectively. Notably, malicious OneNote files emerged as a prevalent initial threat vector, highlighting threat actors' flexibility.

The number of ransomware attacks decreased by 36% to 317.6 million year-over-year. However, Asia experienced a significant increase of 1,627% in ransomware volumes since 2019. Lock Bit continued to be a strong ransomware group, demonstrating innovation through bug bounty programs and frequent toolkit updates. Threat actors are still active, utilizing effective variants repeatedly for now.

The number of intrusion attempts surged, hitting 7.6 trillion in 2023, marking a 20% rise from the year before. Malicious intrusion levels increased in different sectors, leading to alert exhaustion and the risk of data breaches.

The number of encrypted attacks has more than doubled in 2023, reaching a total of 15.7 million. While North America experienced a 30% increase, Europe, Asia, and LATAM saw triple-digit spikes. Various industries, including healthcare, education, government, and retail, have witnessed significant surges in encrypted threats. Attackers are increasingly utilizing encryption protocols to conceal malware, ransomware, zero-day attacks, and more. Traditional security controls and older generation firewalls lack the capability to detect, inspect, and mitigate threats transmitted through HTTPs traffic. Therefore, businesses with outdated hardware and software are more vulnerable to attacks. To enhance your security, consider exploring nerdcore Computers Gen 7 layer configuration Firewalls and other licensing options, which offer affordable solutions for businesses of all sizes. Weve got your back. Dont worry about that.

In 2023, the number of crypto jacking incidents surged by an astounding 659%, totaling 1.06 billion cases. Among the favored tools for these attacks, XMRig, originally a legitimate software, was frequently exploited by malicious actors. The detrimental impact on both the environment and finances highlights the gravity of this escalating menace.

Anticipating 2024 2. The upcoming year of 2024 is on the horizon, with threat actors increasingly utilizing advanced technologies. This evolution in the threat landscape is projected to bring about rapid changes, particularly with the integration of AI in enhancing phishing tactics, carrying out sophisticated Business Email Compromise (BEC) schemes, and creating harmful code, presenting defenders with fresh obstacles to overcome.

1. Suggestions for Improved Cybersecurity

2. Implement Multifactor Authentication (MFA) to bolster security.

3. Stay proactive in applying patches promptly to prevent exploit attempts.

4. Regularly conduct security assessments to identify vulnerabilities and strengthen defenses.

5. Educate employees on cybersecurity best practices for a vigilant workforce.

6. Scan all network traffic, especially encrypted traffic, for potential threats.

7. Extend security measures to the cloud with Security Service Edge (SSE) and Zero-Trust Network Architecture (ZTNA).

8. Update security appliances and software to stay ahead of evolving threats.

9. The nerdcore Cyber Threat Report for 2024 emphasizes the importance of robust cybersecurity measures to combat cyber threats effectively. Contact us for a security assessment or explore our latest products for enhanced protection against cyber attacks.

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