Cybersecurity Threats to Watch in 2024
As the new year unfolds, the Korea Ministry of Science and ICT, in collaboration with the Korea Internet & Security Agency (KISA), has revealed insights into cybersecurity threats demanding vigilance in 2024. Let’s delve into key security issues emphasized by experts.
1. Increased Supply Chain Attacks
The escalation of supply chain attacks emerges as a significant cybersecurity threat, repeating trends observed in 2023. These attacks involve infiltrating the software installation or update distribution process, skillfully disguising themselves as normal systems while embedding malware. Unlike traditional external attacks, these threats discreetly embed within existing software or newly installed system updates, posing risks to companies or institutions that employ compromised software and, subsequently impacting their customers.
Notably, the past year saw an urgent response to a hacking attack by Lazarus, an organization linked to North Korea’s Reconnaissance General Bureau (RGB). They exploited security vulnerabilities in MagicLine4NX, a security authentication software in South Korea. Given the challenging early detection of supply chain attacks, special attention is warranted, as these incidents can potentially trigger a cascade of disruptions throughout interconnected systems.
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2. The Exploitation of Generative Artificial Intelligence Tools
The introduction of ChatGPT, an interactive artificial intelligence service, has marked the rise of Generative Artificial Intelligence(Generative AI) as a global sensation. Various Generative AI services have emerged, showcasing the ability to generate natural conversations based on extensive data and create diverse content, including music, art, and even source code. Despite its remarkable features, universal applications, and widespread impact, Generative AI has now become a target for exploitation in cybersecurity threats.
Criminal tools such as WormGPT and FraudGPT (a phishing chatbot) that leverage Generative AI have surfaced on the dark web. These tools effortlessly generate outcomes for cyber attacks, including malware and deep voice manipulation, facilitating the execution of large-scale phishing attacks. The accessibility for individuals lacking security or hacking expertise to engage in such attacks is increasing, potentially lowering entry barriers to participation. This development may lead to an accelerated pace of collecting and analyzing information on potential targets, heightening concerns about the escalating use of Generative AI technology in cyberattacks.
3. Attacks on OT/ICS and IoT Environments
As the infrastructure and technology of industrial facilities continue to improve and advance, threats to Operation Technology (OT)/Industrial Control System (ICS) and Internet of Things (IoT) security environments are on the rise. One notable concern is the dissemination of malware targeting OT/ICS environments, where it is challenging to apply active security patches.
OT/ICS is distinguished by its reluctance to apply security patches actively, primarily due to the difficulty of interrupting services at industrial sites. Attacks in such environments have the potential to cause malfunctions or outages in industrial systems, leading to losses and safety incidents. These incidents can cause substantial damage to enterprises and industries as a whole, especially when critical information from key facilities is compromised. Furthermore, attacks may also target unmanaged equipment within an organization, necessitating a thorough examination of the potential risks of each facility or equipment. It is crucial to pay attention to resolving vulnerabilities to minimize the attack surface and enhance overall cybersecurity measures.
4. Rising of Hacktivist Activities
In 2024, global hacktivist activities are predicted to intensify. The term “hacktivist,” formed by merging “hacker” and “activist,” describes a hacking attacker engaged in cyberattacks for political and social purposes. This upsurge in hacktivist activity aligns with elections occurring in over 70 countries worldwide, including critical events such as Korea’s 22nd general election, the U.S. Senate and House of Representatives elections, and the presidential election. Security experts anticipate an increase in cyberattacks for political and social purposes, specifically targeting candidates, groups, and forces.
Hacktivists conduct pre-exploration of targets and their surroundings in the cyber environment, executing phishing attacks, disseminating malware and fake news, and hacking to steal account information from the target system. The scope of hacktivist attacks is expected to encompass a broad spectrum of organizations, including media outlets, major portal sites, election-related organizations, and private companies. Consequently, maintaining heightened alertness and reinforcing security systems are imperative for numerous organizations and businesses throughout the year.
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Proactive Strategies to Mitigate Major Security Threats in 2024
In response to the anticipated security challenges in 2024, it is imperative to continuously identify and monitor potential vulnerabilities likely to be targeted. For companies, a robust security strategy should prioritize measures to prevent critical data leakage and establish a resilient backup system for emergencies.
However, responding to a diverse range of security threats remains challenging, particularly in dynamic business environments or situations where having dedicated security professionals is difficult. In light of these complexities, Penta Security offers specialized security solutions tailored to address the unique concerns faced by companies.
Cloudbric WAF+ of Penta Security is a SaaS-type, fully managed security service provided by security expert Penta Security. This innovative solution stands out for its swift and effortless implementation, achieved by simple DNS adjustments, eliminating the need for agent or module installations. It offers essential services for strengthening web security for businesses, including web application firewall (WAF), bot control, DDoS protection, malicious IP blocking, and SSL/TLS certificate issuance—all accessible through a single platform. Additionally, powered by a logic-based intelligent detection engine and a deep learning AI engine, Penta Security’s Cloudbric WAF+ boasts a notable detection rate and distinctively low false positives.
The constantly evolving IT environment elevates life and work environments to the next levels; however, concurrently, cyber attackers consistently exploit new vulnerabilities. Be proactive against cybersecurity threats and establish a secure business environment with Cloudbric WAF+, a fully managed security service designed by security professionals!