Criminal activities surged in the first half of the year, with Check Point Research (CPR) reporting an 8% increase in global weekly cyberattacks in the second quarter, marking the highest volume in two years. Familiar threats such as ransomware and hacktivism have evolved, with criminal gangs modifying their methods and tools to infect and affect organizations worldwide. Even legacy technology such as USB storage devices regained popularity as a vehicle to spread malware.
One of the most significant developments this year was the evolution of the ransomware landscape. Data derived from over 120 ransomware “shame-sites” revealed that in the first half of 2023, a total of 48 ransomware groups reported breaching and publicly extorting more than 2,200 victims. There have been several high-profile cases this year including the attack against MGM Resorts, which shutdown major Las Vegas sites for several days and is likely to cost millions in remediation.
Check Point’s cybersecurity predictions for 2024 broadly fall into seven categories: Artificial Intelligence and Machine Learning; GPU farming; Supply chain and critical infrastructure attacks; cyber insurance; nation state; weaponized deepfake technology and phishing attacks.
Artificial Intelligence and Machine Learning:
“Our reliance on AI for cybersecurity is undeniable, but as AI evolves so will the strategies of our adversaries. In the coming year, we must innovate faster than the threats we face to stay one step ahead. Let’s harness the full potential of AI for cybersecurity, with a keen eye on responsible and ethical use, ” – Sergey Shykevich, Threat Intelligence Group Manager at Check Point Software Technologies.
Hackers will Target the Cloud to Access AI Resources – GPU Farming:
Supply chain and critical infrastructure attacks:
Cyber insurance:
Nation state attacks and hacktivism:
Deepfake technology will be weaponized:
Phishing attacks continue to plague businesses:
Ransomware: Stealthy Exploits, Enhanced Extortion, and AI Battlefields
“The use of artificial intelligence by ransomware attackers will become more advanced, requiring organizations to not only focus on preventing attacks, but also enhancing their incident response and recovery plans to mitigate the potential impact. As attacks become more sophisticated, organizations need to evolve their approach to security to stay ahead of the game.” – said Daniel Wiley, Head of Threat Management and Chief Security Advisor, Infinity Global Services at Check Point Software Technologies.
As cybercriminals continue to evolve their methods and tools, organizations need to adapt their cybersecurity measures. In 2023 we have witnessed several large-scale attacks. In today’s threat landscape, companies not only have to prioritize their own security protocols, but also scrutinize the security practices of their third-party suppliers. With the rise of AI-enhanced cyberattacks, zero trust models, and deepfake technology, it is more important than ever to invest in collaborative, comprehensive and consolidated cybersecurity solutions. We must stay vigilant and agile in the face of the expanding attack vector, and work together to create an effective defense against cyber threats.
 
 

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