The global cost of a data breach last year was USD $4.45 million, an increase of 15% over three years. As we step into 2024, staying aware of emerging technology threats represents a crucial priority. Tech threats can easily disrupt and harm your business.
Technology evolves at a crazy rapid pace. This evolution brings new opportunities and challenges for businesses and individuals alike. Not all technology is benign. Many innovations can pose serious threats to our digital security, privacy, and safety.
In this article, we’ll highlight some emerging technology threats to be aware of going into 2024.
Data Poisoning Attacks
Data poisoning involves corrupting datasets used to train AI models. By injecting malicious data, attackers skew algorithms’ outcomes, leading to incorrect decisions in critical sectors like healthcare or finance on the AI’s part. Some actions are vital in countering this insidious threat, including protecting training data integrity and implementing robust validation mechanisms.
Businesses should use AI-generated data cautiously, only when heavily augmented by human intelligence and data from other sources. It can’t check itself, your employees must check it.
5G Network Vulnerabilities
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, already offer tempting targets for cyberattacks. Securing these devices and implementing strong network protocols remains imperative to prevent large-scale attacks on networks containing sensitive data.
Ensure your business uses a robust mobile device management strategy. Mobile is taking over much of the workload, so organizations must properly track and manage how these devices access business data.
Quantum Computing Vulnerabilities
Quantum computing, the herald of unprecedented computational power, also poses a threat. Its immense processing capabilities could crack currently secure encryption methods. Hackers will exploit this power to access sensitive data, emphasizing the need for quantum-resistant encryption techniques to safeguard digital information.
Artificial Intelligence (AI) Manipulation
AI, while transformative, can be manipulated. Cybercriminals will exploit AI algorithms to spread misinformation at high speed. They are already creating convincing deepfakes and automating phishing attacks. Vigilance is essential as AI-driven threats become more sophisticated, demanding robust detection mechanisms to discern genuine from malicious AI-generated content.
Augmented Reality (AR) and Virtual Reality (VR) Exploits
AR and VR technologies offer immersive experiences while also presenting new vulnerabilities. Cybercriminals will inevitably exploit these platforms to deceive users, leading to real-world consequences.
Ensuring the security of AR and VR applications is crucial to prevent user manipulation and privacy breaches. This is highest priority in sectors like gaming, education, and healthcare, but is true across the board.
Ransomware attacks evolved far beyond simple data encryption a while ago. Threat actors now use double extortion tactics in which they steal sensitive data before encrypting files. If victims refuse to pay, hackers leak or sell this data, causing reputational damage and liability.
Some defenses against this evolved ransomware threat include:
- Robust backup solutions
- Regular cybersecurity training
- Proactive threat hunting
Supply Chain Attacks Persist
Supply chain attacks remain a persistent threat. Cybercriminals infiltrate third-party vendors or software providers to compromise larger targets up or down the chain. Strengthening supply chain cybersecurity is critical in preventing cascading cyber incidents. Businesses must develop a system for rigorous vendor assessments, multi-factor authentication, and continuous monitoring.
Biometric Data Vulnerability
Biometric authentication methods, such as fingerprints or facial recognition, are rapidly becoming commonplace. But users can’t change biometric data once compromised, like they can passwords. If someone has access to it, then they do and nothing can change that. Protect biometric data through secure encryption. Ensure that service providers follow strict privacy regulations. These are paramount to preventing identity theft and fraud.
Advanced Phishing Attacks
Phishing attacks are one of the oldest and most common forms of cyberattacks. These attacks are becoming more sophisticated and targeted thanks to AI. For example, hackers customize spear phishing attacks to a specific individual or organization based on online personal or professional information.
Another example is vishing attacks. These use voice calls or voice assistants to impersonate legitimate entities, convincingly persuade victims to take certain actions.
Ongoing employee phishing training is vital in addition to automated solutions to detect and defend against phishing threats.
Tips for Defending Against These Threats
As technology evolves, so do the threats that we face. Thus, it remains 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.
- 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.
Why Is This Published By A Business Phone Company?
Here at NoContractVoIP, we believe that your success creates our success. And, since we specialize in business communication, we work to help you communicate better while staying safe. We create the cutting edge communication systems that modern companies need. And we geek out on tech stuff, so we study it for you.
To talk to a business phone system specialist and never worry about any of this again, call 866-550-0005 or contact us today.
To get the latest helpful content delivered to your inbox every month, subscribe to our newsletter here.