Throughout 2023, organizations matured their security operations in response to a number of trends. Converging IT and OT systems, increased remote working, and extensive adoption of cloud technologies were just some of the motivating factors that drove organizations to improve their security posture.

At the same time, threat actors have matured and evolved as well. Nation-state groups and cybercriminals are always advancing their techniques and leveraging new tools to maintain an advantage. Findings from our  research amongst US CNI organizations suggest that cybercrime has been on the rise, with a growing number of attacks.

With these trends in mind, we've made ten predictions for how the threat landscape will evolve in 2024.

1. Ransomware-as-a-Service (RaaS) will help cybercriminals scale their operations
2. Polymorphic malware will lower the barriers to entry for low-skill cybercriminals
3. Constrained security budgets will prioritize cost-effective cybersecurity
4. Heightened cyber risk resulting from a lack of nationwide cyber regulations
5. Increased cyber threats in the energy sector as organizations manage regulatory hurdles
6. IoT devices will be secured through more mature strategies
7. Consolidation of security tools will help organizations reduce budget and simplify operations
8. Supply chain attacks will continue to be a top risk
9. Politically motivated cyber attacks may correspond to major political events
10. The death of passwords may be on the way as multifactor authentication sees wider use

For more on any of these predictions, as well as additional commentary from our experts, download the full whitepaper.

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