• Shivam Maurya
• July 24, 2024
• No Comments

In considering the increasing amount of cyber attacks in the modern digitized setting of today’s world. The cybersecurity industry is also looking ahead and preparing for future threats to ease the organizational growth. In order to cope up with the rapidly growing cyber security industry, organizations introduced Artificial intelligence (AI) as a forefront to their system. It plays an integral part in organizing cyber plans and technological advances. Additionally, organizations incorporated several critical strategy to defense and managing risks of cyber attacks are following-

Increasing Ransomware Attacks

• The emergence of ransomware attacks is becoming a significant concern as it is projected to reach around $30 billion globally. By ransome related attacks in 2023 which is approximately $11.5 billion increase in 2019.
• In 2024, it is projected that the ransomware and it will cost around $265 billion per year by 2031 is marked. By multiple advisories while cultivating in the constant CitrixBleed exploitation.
• The increase of Ransomware-as-a-Service(RaaS) has decreased the entry barrier for technically individuals to execute the cyber attacks. That provide a significant attack in ransomware infrastructure.

Surge in Internet of Things (IoT) structures

• The implementation of IoT devices has initiated a significant attack surface for cybercriminals and it is predicted that IoT devices. It will utilize around 75 billion by 2025 across the world.
• According to the Essential InfoSec organization, IoT devices are popular around the world due to their efficient functionality in home, business, factory and automobile sectors.
• Through the implementation of IoT devices, InfoSec uses it in threat modeling, device design consulting, protocol testing, IoT penetration, firmware analysis as well as hardware testing and incident response.

Cybersecurity Predictions initiatives

• Essential InfoSec consists of over 150 cybersecurity experts and successfully analyzed more than 2500 cyber security projects and recognised for its essential cybersecurity measures.
• This organization emerges appropriate standard firewall facilities for cybersecurity predictions. It enables “Integrated Network Intrusion” Preventive measures, implementing awareness and control systems as well as Real-Time & Historical Visibility for Security, Network and User Activities.
• InfoSec incorporates Network Reporting and Monitoring services and installing Troubleshooting & Administration Management infrastructure helps to oversee and provide awareness regarding future cyber attacks.

Conclusively, it can be inferred that considering the increasing cyber threats including ransomware attacks, AI exportation, IoT device issues, Essential InfoSec implemented significant measures to tackle all the challenges, monitoring the future cyber attacks and helps to mitigate the risks.