Jun 24 / ITCPE Team

State of Cybersecurity in 2024: Insights and Trends from Leading Reports

The cybersecurity landscape continues to evolve rapidly, with various industries facing unprecedented challenges. Recent reports by ConnectWise, Veeam, Trellix, Jumio, Proofpoint, CyberArk, Entrust, Ping Identity, and Check Point provide a comprehensive overview of the current state of cybersecurity across different sectors. From the rising wave of cyber incidents affecting small and medium-sized businesses (SMBs) to the persistent threat of ransomware, these reports highlight the critical issues and emerging trends that organizations must navigate in 2024. This article synthesizes key findings from these reports, offering a snapshot of the cybersecurity threats and concerns shaping the year.

ConnectWise | The State of SMB Cybersecurity in 2024

Eroding Confidence Amid Rising Cyber Incidents:

A staggering 78% of SMBs fear a severe cyberattack could drive them out of business. This anxiety is driven by the reality that 56% have already faced at least one cyberattack this year, with 89% expecting to be targeted within the next six months.

Veeam | 2024 Ransomware Trends Report

Ransomware: Leading Cause of IT Outages:

Ransomware continues to be the primary cause of IT outages, with 41% of data compromised during cyberattacks. Alarmingly, 63% of organizations risk reintroducing infections while recovering from ransomware or major IT disasters.

Trellix | Mind of the CISO: Decoding the GenAI Impact

AI Regulations and Nation-State Threats:

A significant 97% of respondents are worried about evolving AI regulations, particularly the potential for AI to enable nation-states to implant advanced persistent threats (APTs) within their infrastructure.

Jumio | Jumio 2024 Online Identity Study

Daily Concerns Over Deepfakes and Fraud:

Nearly 72% of respondents are worried about being deceived by deepfakes into revealing sensitive information or money. Additionally, 79% fear falling victim to data breaches, and 77% are concerned about account takeover attacks.

Proofpoint | 2024 Voice of the CISO

Rising Concern Over Cyber Attacks and AI:

In 2024, 70% of CISOs feel at risk of a significant cyberattack within the next year, up from 68% in 2023. Additionally, 54% believe generative AI poses a security risk to their organization.

CyberArk | 2024 Identity Security Threat Landscape Report

AI-Powered Tools and Cyber Risk:

A notable 93% of respondents expect AI-powered tools to introduce new cyber risks to their organizations within the next year.

Entrust | 2024 State of Zero Trust & Encryption Study

Lagging Zero Trust Adoption in the US:

While 62% of organizations have started their zero trust journey, only 48% of US organizations have done so. This gap leaves them vulnerable, with 46% citing hacker exposure of sensitive data as their top concern.

Ping Identity | Fighting The Next Major Digital Threat: AI and Identity Fraud Protection Take Priority

Identity Verification and AI Concerns:

A concerning 97% of organizations face challenges with identity verification, with 52% highly worried about credential compromise and 54% fearing AI will increase identity fraud. Only 52% are confident in detecting deepfakes of their CEOs.

Check Point | 2024 Cloud Security Report

Escalating Cloud Security Concerns:

A significant 91% of respondents are alarmed by sophisticated cyber threats, including zero-day attacks. Furthermore, 96% reported concerns about effectively managing cloud risks, showing a notable increase from previous years.

Share this page: