Magazine menu Close Magazine menu

Safer business

Latest stories

Cybersecurity predictions 2024, a bright bridge leads to the darkness

Growing cyberthreats for business leaders to keep on top of in 2024

  • min read
    • Just as things seemed to be settling down post-pandemic, 2023 turned out to be a year of global political upheaval, conflict and climate catastrophe. Recession impacts and rising prices for business basics like electricity have seen closures rise and start-ups decline. Congratulations are in order if your organization still has its head above water. The last thing any business needs in 2024 is a highly damaging and costly cyberattack or data leak. IBM's 2023 Cost of a Data Breach report found, "The average cost of a data breach reached an all-time high in 2023 of 4.45 million US dollars," having increased over 15 percent in the past three years. Keeping track of how cyberthreats are changing and adjusting your cybersecurity strategy and resourcing accordingly will help businesses avoid the punishing cost of a breach. Here are some of the changing and new threats Kaspersky researchers think you should prepare for in 2024. AI-related threats AI and other interconnected technologies – think augmented reality (AR,) 6G, data spaces and more – made a huge splash for business in 2023, and we'll soon be releasing some exciting new research about the impact of their widespread adoption. On top of that, we think these changes will loom large for AI in 2024: 1.    AI tools will make scams more convincing Scammers use many techniques to get past our defenses. AI tools can now effortlessly create stunning images, even designing whole landing pages. Malicious actors will, of course, use these to craft more convincing materials for fraud, like fake marketing emails and login screens. Expect fraud-related cyberthreats to increase. What to do about it: Improve your employee cybersecurity awareness education to help them become more vigilant to potentially fraudulent content. Use robust antivirus software to block scam emails and warn about suspicious websites. 2.    Concerns about pre-trained AI models will rise As more organizations start using AI chatbots and large language models (LLMs) to help professionals with their work, privacy and security concerns around the data fueling these models will rise, especially in large businesses that deal with a lot of information. And for good reason – training common LLMs often relies on public datasets containing sensitive information, raising uncertainty about whether corporate data fed into these models will stay confidential or be used to train the model further. What to do about it: Businesses must adopt policies limiting how employees can use AI products and educate staff about these policies to reduce the risk of data leaks. They may also adopt Private Large Language Models (PLLMs) – these models are trained only with datasets owned by the organization using them. 3.    AI regulation will ramp up More countries and international organizations will join efforts to regulate AI in the coming year, especially African and Asian nations that are engaged in discussions but haven't yet begun regulating AI domestically. Those already involved will expand regulation, adopting more specific rules, for example, around creating training datasets and using personal data. With their experience developing and using AI, businesses can offer invaluable insight for discussions on AI regulation. Policymakers worldwide are actively seeking input from businesses, academia and the public on shaping AI governance. In 2023, the Bletchley Declaration promoted greater uniformity in AI regulation. But with rising geopolitical tensions, cooperation between countries may reduce, derailing efforts to keep it consistent. What to do about it: Ensure your business is staying ahead of developments in regulation and planning for how it will comply. Take opportunities to get involved in developing AI regulation. More 2024 AI security predictions from Kaspersky researchers Financial services threats 4.    Fraudsters will target direct payment systems Cybercriminals will exploit increasingly popular direct payment systems like Brazil's Pix, the US's FedNow and India's UPI for fraud. We'll also see more clipboard malware – malware that steals data users copy to their clipboard – designed to attack new direct payment systems. Mobile banking trojans will increasingly exploit these systems as a quick and efficient means of cashing out ill-gotten gains. What to do about it: Direct payment systems have enormous benefits for business but must be appropriately secured. Businesses can also educate customers to help reduce their likelihood of accidentally downloading clipboard malware or mobile banking trojans – often disguised as legitimate apps in trusted app stores. 5.    Mobile Automated Transfer Systems (ATS) will spread worldwide Mobile Automated Transfer System (ATS) attacks are fairly new and involve banking malware making fraudulent transactions when the user logs in to their banking app. Mobile ATS has only been seen in Brazilian malware types but could go global in 2024. What to do about it: Those who make banking apps must ensure their security is capable of defending against Mobile ATS. 6.    Brazilian banking trojans will also keep spreading Cybercrime originating from Brazil is well-known to be growing. As many Eastern European cybercriminals have shifted focus to ransomware, Brazilian banking trojans will fill the void left by desktop banking trojans. Trojan Grandoreiro has already targeted more than 900 banks in 40 countries. Grandoreiro attacks start with a malicious link in a phishing email, including fake shared documents, utility bills and tax forms. It then harvests data using keyloggers, screen-grabbers or overlays on online banking login pages. What to do about it: Despite the growing sophistication, cybersecurity awareness education still helps employees and customers avoid falling prey to phishing. Businesses must also make sure users feel comfortable reporting their suspicions. More financial services cybersecurity predictions for 2024 Advanced persistent threats 7.    Creative exploits of wearables and smart devices will grow In 2023, Kaspersky discovered Operation Triangulation – a stealthy new espionage campaign targeting Apple devices. Kaspersky's investigation found five vulnerabilities in Apple's operating systems that affect everything Apple – from smartphones to wearable devices to smart home gadgets like Apple TV and Apple Watch. In 2024, we'll see more advanced attacks on consumer devices and smart home technology, including other operating systems. Devices like smart home cameras and connected car systems are attractive for threat actors because of their surveillance potential and tendency to run on outdated software, which makes them easier to attack. What to do about it: Secure your business Internet of Things (IoT) devices and ensure that if they don't need to connect to the internet, they don't. 8.    Supply chain attacks-as-a-service: Bulk-buying access There is a growing trend of attacking businesses through their suppliers. Small and medium companies that may lack advanced protection become gateways for hackers to access the data and infrastructure of big players. 2022 and 2023 saw breaches through identity management company Okta, which serves over 18,000 customers worldwide. What to do about it: Supply chain attacks expert Eliza-May Austin has great advice on preventing supply chain attacks in this Tomorrow Unlocked video: 9.    More attacks on Managed File Transfer systems Managed File Transfer (MFT) systems that let businesses securely exchange sensitive information with partners have become a cornerstone of organizational efficiency. But housing confidential information like intellectual property, financial records and customer data puts them in the crosshairs of cyber adversaries. MFT systems' intricate architecture and integration into business networks also means potential security weaknesses. In 2023, MFT system incidents involving MOVEit and GoAnywhere confirmed this. What to do about it: Undertake comprehensive reviews of your MFT solutions to identify and reduce security weaknesses. Implement robust Data Loss Prevention (DLP) solutions, encrypt sensitive data and build a cybersecurity awareness culture among employees. More advanced persistent threat predictions for 2024 With attention to where threats will likely grow, the year ahead need not be daunting for business. From getting ahead of AI regulation to improved cybersecurity awareness education, organizations of all sizes can stay secure even as threats grow.
Cybersecurity expert Eliza-May Austin speaking while seated in a lecture theatre

How your air conditioning could start a cyberattack

  • min read
    • Many big businesses know they could be cybercrime targets and invest in defenses like software and training. That's why cybercriminals are increasingly attacking through smaller suppliers who don't have the same knowledge and resources. It's called a supply chain attack. In Tomorrow Unlocked's second episode in the hacker:HUNTER Behind the Screens series, Eliza-May Austin, CEO and co-founder of th4ts3cur1ty.company (That Security Company,) explains how US retail giant Target was attacked through a most unexpected device – the air conditioning. We ask Austin how businesses can prepare for supply chain attacks and how she thinks things are going for women in cybersecurity careers. In Tomorrow Unlocked's Hacker: HUNTER Behind the Screens video, you talk about the supply chain attack on Target in 2013. Why is this attack so important? Businesses must work with other businesses, which makes us all susceptible to a certain degree of risk. Take an airplane, for example. To go from concept to in the air involves hundreds of businesses, contractors and applications. It takes just one breach to compromise that trusted ecosystem. It's something we should all take seriously. Your business th4ts3cur1ty.company (That Security Company) helps companies large and small harden their supply chains. How do you do that? There are many things businesses can do to defend against supply chain attacks. For example, we run penetration testing, consult on governance, risk and compliance and importantly, logging, monitoring and vulnerability management. Are businesses becoming more aware of supply chain attacks and responding appropriately? I can't confidently say yes, which is why I'm vocal on the issue. I recently asked a small-to-medium company (SMB) that supplies services to the medical sector if they'd considered how an attack would impact their clients' security. I was met with such bemusement you'd think I'd asked for a sandwich. What's the most common problem making businesses vulnerable to supply chain attacks? Not knowing how prevalent it is. But also, some businesses that do understand the issue's scale get overwhelmed by it. These attacks aren't always sophisticated – simple measures can go a long way. How did you get into cybersecurity? I moved from a degree in forensic science to a degree in digital forensics, did some internships and the rest is history. You don't need a degree to be in cybersecurity. Is the industry giving women equal opportunities to enter and succeed yet? I think this industry, like any, is what you make of it. Cybersecurity is a fantastic career choice for women and should be promoted as such. What could employers do today to attract and retain more women? I get asked this a lot, so I wrote 15 ways to attract more women to your technical cybersecurity team. I've included simple, practical things like considering the physical environment. For example, if employees have to crawl around on the floor to plug in a laptop, that may feel degrading when wearing a skirt. I also recommend being more open-minded about what kind of people you need: What is Ladies Hacking Society (LHS) and why did you found it? LHS is an awesome community of women who come together to learn from one another and teach each other hacking. I wanted to create a technical option for women because I found mixed events were not really mixed (mainly men) whereas women's events revolved around governance or high-level theory. It's a lot of fun and a great bunch of people. Which is the most important lesson from your 11 leadership lessons from terrible managers, and why? Lesson 3: A sense of humor matters. People tend to take themselves too seriously. Encouraging people to laugh and joke does wonders for team morale and gets people through stressful times. Let's all calm down and have a giggle.  
chatGPT cybersecurity regulation

With ChatGPT’s vast innovative potential, regulators must take care

  • min read
    • ChatGPT and other artificial intelligence (AI) chatbot applications are major technological milestones with far-reaching benefits for many industries. But with each advance comes unintended consequences. With ChatGPT in its fourth iteration, and its underlying technologies growing fast, it's time to take stock of the policy landscape to understand its implications. What is ChatGPT, and how are businesses using it? ChatGPT is an AI chatbot made by OpenAI. It uses natural language processing (NLP) to create human-like text responses. Users can ask ChatGPT almost anything and receive relatively natural-sounding responses. It can write outputs like programming code, social media posts, summarize complex topics or almost anything text. ChatGPT is an example of generative AI: Artificial intelligence that learns to generate original content like images, music and text by identifying underlying patterns in existing examples. "Its primary objective is to create interactive and realistic conversations with users, making it a powerful tool for chatbots, virtual assistants and customer support applications," says AWS Solutions Architect Ragu Kuppannan. Many top companies are using ChatGPT. For example, travel outlet Expedia wants customers to be able to book a holiday in a way that feels like having a chat with a travel agent. Microsoft, a major investor in OpenAI, says ChatGPT already powers its search engine, Bing, and plans to add it to Word and Excel. ChatGPT could be promising for any application where natural, conversational interaction between people and tech would be beneficial. Risks of ChatGPT Critiques of ChatGPT and other chatbot applications generally focus on its potential to disrupt human employment, produce incorrect information or poor practice in training algorithms to identify harmful content. The underlying cybersecurity risks get less attention. Kaspersky's specialist threat intelligence teams have identified three main risk areas. First, ChatGPT can provide advice, even detailed guides, to help prospective attackers plan and target victims. Second, it can develop code and even create entire coding projects for those with little knowledge of software development. While ChatGPT has restrictions and safeguards to avoid abuse, they're fairly easily bypassed. Third, ChatGPT produces convincing and accurate text that can be used in phishing or spearphishing. To some extent, these three areas represent theoretical risks or outlier scenarios that don't represent how people and businesses usually use ChatGPT. Policy perspective beyond risks Policy should aim to be technology-blind – taking a similar approach to all related technology that might emerge in the future, rather than creating a unique approach for one of today's concerns. It should build the best possible defenses against the worst human intentions and applications. Practically speaking, there may be no way to prevent or limit use of tech like ChatGPT. And to limit an emerging technology's potential means being left behind in a global digital economy. While policy discussions usually focus on outputs – the material ChatGPT produces – its inputs (the data it's trained with) may be a bigger threat. Data-driven tools like ChatGPT are only as good or accurate as their training datasets. As chatbot systems may become the most common way to use the internet, issues will have wide impact. Ensuring balance in training data is a growing challenge as disinformation expands. Bad actors can influence what users see and read in ways that have global consequences. Datasets, devices and systems must be secure and accurate. How nations are regulating AI In our public policy work, Kaspersky advocates public-private partnerships. We think partnerships combining global private-sector expertise with policymakers' local needs will be the best defense. It's a middle-ground approach that avoids too much or too little caution. These partnerships in cybersecurity maximize the advantages of emerging technologies like ChatGPT, while safeguarding against risks. United Arab Emirates (UAE) is a role model for inclusive public-private partnerships. They've taken a progressive and collaborative stance on partnerships with international tech firms. Initiatives and forums like the Dubai Chamber of Digital Economy and the UAE Cybersecurity Council aim to safely and securely advance technological growth for short- and long-term benefit. In May 2023, Brazil was considering a Bill to regulate AI. It requires "systems [to] undergo a preliminary assessment carried out by the suppliers themselves, to determine whether they can be classified as being of high or excessive risk," according to OneTrust Data Guidance. It also restricts exploitative AI uses, like subliminal techniques that could cause harmful behavior or target vulnerabilities in older and disabled people. The Center for Strategic and International Studies says Japan looked at the European Union's sterner approach to AI regulation and had "concern that the burden of compliance and the ambiguity of regulatory contents may stifle innovation." Instead, Japan is adopting a "human-centered" approach based on seven principles – among them, privacy protection, security and innovation. They regulate AI through several laws. The Digital Platform Transparency Act, for example, requires fair and transparent practice from large online stores and digital advertising businesses, including disclosing how they decide search rankings. Values are the key to balanced regulation ChatGPT and other generative AI fit a model of technological development we've seen throughout history – it disrupts human lives and businesses with exciting potential but also serious risks that need policymakers' attention. UAE, Brazil and Japan have regulatory approaches that are values-led and aim for a middle ground: A balance between too much and too little caution. Alongside, partnerships between the public and private sector hold promise to let business embrace innovation while adequately managing risk.
cybersecurity predictions

What a year of changing cyberthreats can tell business

  • min read
    • For business leaders, knowing what's changing in cybersecurity helps you recruit the right people with the right skills today for what you'll soon need. Kaspersky's 2022 Security Bulletin (free download) analyzes which attacks their global cloud service Kaspersky Security Network (KSN) has detected, blocked and disabled over the past year. There are some numbers your business will want to know about. 15 percent of users had a malware attack Kaspersky Security Network blocked malware-class attacks on some 15 percent of users in 2022, or around 1 in 7. This shows just how common malware is. The malware class of attacks covers familiar cybercrime tools like viruses, trojans and ransomware. The countries where Kaspersky's software blocked the most malware attacks in 2022 were Tunisia, Taiwan and Algeria. 506 million web-based attacks Web-based attacks result from users downloading files that then trigger a cyberattack. These might come from websites made by cybercriminals, infected online resources within user-created content (like online forums) or legitimate resources that cybercriminals have hacked. Cybersecurity education can be a powerful tool in preventing web-based attacks. Heathrow Airport has a novel staff cybersecurity education that carefully targets those needing it most with 10-minute online learning modules. 1.4 million cryptocurrency mining attempts Cryptocurrency mining is very much on the rise. Kaspersky Security Network detected around 1.4 million attempts to install mining software in the past year. Mining means digitally solving complex mathematical problems that verify cryptocurrency transactions, which also earns cryptocurrency. It slows devices and uses much electricity. In November 2022, Kaspersky announced they'd seen a 230 percent growth in cryptocurrency mining in the third quarter of 2022 compared with the same period in the year before. 102 million attempts to visit malicious URLs Malicious URLs are a common tool in 'phishing' attacks – when cybercriminals send emails inducing recipients to click on links, downloading malware. Endpoint security is vital in protecting against phishing, as is employee cyber-awareness. 377,000 attempts to steal money These attacks were often in the form of 'banking Trojans'. In early 2022 a particularly sophisticated money-stealing Trojan popped up that masquerades as a banking app and imitates phone conversations with bank employees. The app fooled many, highlighting the need to teach employees 'cyber hygiene' – like remembering to pause and think before downloading anything. Those who provide legitimate apps or financial services might also reflect on how they can show customers their products are trustworthy. These big numbers in cybersecurity over the past year show how threats to business are growing and changing. Cybercriminals always find new ways to get through consumers' and employees' defenses. By combining hiring the right people with robust cybersecurity education and strong security solutions, your business will greatly reduce its chances of a serious attack succeeding. Then, you can spend your time on what you do best.
cyber future interview

How business can use cyber futurism to see what comes next

  • min read
    • With new technologies like the metaverse arriving regularly, how can business leaders and cybersecurity professionals know what new threats to expect? Futurism – analyzing future scenarios to inform today's decision-making – is one way. Victoria Baines is professor of information technology at UK's Gresham College and a former Facebook executive and Europol officer. She uses future scenarios to understand technology today and how we should prepare for threats to come. We chat about what these scenarios reveal about our world today, what might happen with new technologies like the metaverse and what business can do to keep users safe. Gemma: What does it mean to explore the future of cybersecurity through scenarios? Victoria: Scenarios are not predictions, but if you do them right, they tell you as much about your situation now as what might happen in future. It's not just threats – it's how the world's changed, and what the tipping points may be. The pandemic was a tipping point for remote and hybrid working, but many find hybrid work just means doing all the things, all the time – the expectation they'll be available constantly for online and physical meetings. We'd been working up to that for a long time. Reliance on email was a compelling signal we needed to find something better, quieter, with less churn. I think we'll see something like that with the metaverse. We've now got the ultimate business case for it because Zoom and Teams aren't enough to feel like we're really working with people – we're still just on a call. Futures methodology is as much about exploring our present and spotting things in the past. What have you found out about the metaverse through your cyber futures work? Although there's hype and uncertainty around the metaverse, we have certainties about how it will develop. For example, Apple will probably bring out, or at least announce, a mixed-reality headset next year. However expensive, people want to use whatever Apple brings out. So we'll see people wanting Apple's mixed-reality headset in a way they haven't wanted other virtual reality (VR) headsets like Hololens or Oculus. This will significantly speed up metaverse adoption. The metaverse is less of a tipping point and more of an evolution. Roblox, Fortnight and Second Life are already metaverses. They use the feeling of presence and co-presence, and there's old research on this – academics like Mel Slater and Ralph Schroder showed us that being together virtually is emotional – it brings about positive reinforcement. We'll need AI-powered synthetic individuals to bump into in online social spaces because we need to feel like we're interacting with people – shaking hands, having sex and so on. We'll probably need 6G to power and connect all that technology, particularly if we want to use it when out and about. What security implications have you identified in the metaverse? Nothing's 100 percent secure – we must assume there'll be technical and human vulnerabilities in every aspect of VR, augmented reality (AR) and other metaverse-enabling technologies. In these scenarios, we look at all those vulnerabilities. We have signals already, like the panic around 'zoombombing' – hackers interrupting video conferencing with obscene and violent material. It happened because people shared their passwords on the open internet. We needn't panic – basic security measures would deal with it. But it shows that exploitation and infiltration will also play out in VR and AR. Are there new cyberthreats for the metaverse and related immersive technologies, or is it the same threats in new spaces and technologies? Much of it comes back to basic digital hygiene like patching, updating, and installing antivirus software. Basic 'handwashing' can do much to prevent ransomware infections. In that way, the new stuff isn't new, but we haven't given it enough attention. We've viewed online harm as less impactful – as it's not physical abuse, we treat it less seriously. With metaverse technologies, you can physically sense resistance and impact, which means opportunities for physical assault. That has an operational impact for information security and cybersecurity. What implications do these threats have for cybersecurity leaders today? Technical information and security aspects become more important in addressing psychological and physical harms in these connected spaces. Pacemaker interference with medical internet of things (IoT) signals that. We already have people walking around with internet-connected medical devices like defibrillators, insulin pumps and continuous glucose monitors. If those don't function properly, and if somebody dies, the question of responsibility arises. If it hasn't already happened, Chief Information Security Officers will be asked, 'What did the data say about any interference with that pacemaker? Was the firmware up to date?' We can see something similar playing out in the metaverse. Everyone will say it's someone else's responsibility – those who make the hardware will say it's the experience developer's responsibility, they'll say it's the user's responsibility, and so on. People used to thinking only about data security and network security must now consider users' physical safety.
cross cloud world

With complex data storage now the norm, how can business stay secure?

  • min read
    • While firms in every line of business are planning increased cloud use, defending against the increased range of digital dangers needn't be time-consuming or expensive, even in a multicloud world. Almost nine in ten companies use multicloud – multiple cloud storage and processing providers – to power IT and store business-critical information. A whopping 80 percent use both public and private cloud. While these complex storage setups bring advantages, they make life harder for IT professionals. Recent Kaspersky research found IT complexity is becoming a top challenge for businesses, particularly securing these networked environments. How can leaders make sure it's all secure and manageable? Defending growing data worlds The number of employee and customer digital touchpoints that must be secured in the average enterprise is ballooning. Networks are getting more complex and the amount of data gathered skyrocketing. That data can be enormously valuable – if it doesn't get lost completely in the crowd of, well, more data. Meanwhile, high-severity cybersecurity incidents grew by half in just a year. Hackers keep finding new ways to breach defenses. "Cloud and online IT complexity expand each year as the magnitude of cyberthreats grow," Tim Rosato, head of trend forecasting firm Silver Lion Group, told me in a phone interview. "User accounts, information and logins are also traveling across more cloud networks, apps and virtual desktop environments." New solutions for multicloud enterprise This growing complexity has sent many companies the way of investing in automated endpoint detection and response (EDR) platforms. These proactively scan for and eliminate threats. They're also implementing more specialist security products for hybrid cloud with controls that let you centralize security. It's all about greater network visibility and faster threat response across online workloads, software development and third-party apps. "We live in a multicloud environment. Our research shows malicious actors can take advantage of any unprotected cloud, gaining unauthorized access to the whole infrastructure. New solutions can help protect assets and remediate different kinds of attacks", says Marc Rivero, senior security researcher at Kaspersky's Global Research and Analysis Team (GReAT.) New digital identity management tools also help identify and authenticate users as they travel across apps, networks and cloud providers. You'll also want to routinely scan code and applications, networked systems and connected devices for potential points of compromise, closing loopholes before they get used. Simple actions can also lower odds of compromise further, like adopting zero-trust security and multi-factor authentication. And you can't go past promoting security awareness regularly among staff, with training every three to six months. Back up data offline every 24 hours and test security teams' reaction times using exercises based on real-world cyber incidents. Data-mapping tools that track how information flows across your business, and which users have or control access to this data, can also strengthen your cloud defenses. They help you classify and cordon off data by sensitivity level, which may also be useful in regulatory compliance. Many clouds certainly don't make light work, but the growth of multicloud and hybrid cloud is here to stay. For enterprises, the challenge is making sure their security is up to scratch for this complex environment. The increasing adoption of solutions that use automation and AI, and those designed for convoluted cloud settings, show many are taking heed. But no matter how many clouds or endpoints, remember your people must be the heart of your cybersecurity strategy.
by Innovating leaders.
Innovative tech.
About Secure Futures

Secure Futures magazine is your go-to business guide for opinions, trends and insight into the world of technology and cybersecurity. We help your business to bring on the future. Brought to you by Kaspersky, the global cybersecurity experts.

  • For all other countries