Cybersecurity Trends 2024: TÜV Rheinland Identifies Pathways to Effective Cybersecurity

Boxborough, Massachusetts, January, 2024. TÜV Rheinland’s Cybersecurity Trends 2024 reveal how companies can protect themselves from cyberattacks in an increasingly digital and connected world. The attack surface has expanded significantly, especially for small and medium-sized businesses, which often underestimate their vulnerability. But even large companies with high security standards are not immune to the advanced techniques of professional hacking organizations.

The top risks such as phishing and faster ransomware attacks continue to dominate the threat landscape, according to TÜV Rheinland experts. The growing number of connected devices exacerbates the threat of ever-increasing vulnerabilities.

The use of AI takes the ability to exploit these vulnerabilities to a new level. New technologies are making cyberattacks more effective, while geopolitical crises are creating an environment of heightened risk. “The alarming increase in cyberattacks in recent years has made it clear that companies and institutions of all sizes should consider cybersecurity as a strategic priority,” says Petr Láhner, Business Executive Vice President Industrial Services & Cybersecurity at TÜV Rheinland.

Ten key trends for 2024

TÜV Rheinland’s Cybersecurity Trends 2024 provide an overview of ten key trends that organizations need to prepare for. These include:

• Stricter cybersecurity regulations: These will create a common framework for increasing the resilience of targeted systems.
• Faster ransomware attacks: Ransomware remains the number one threat and poses an enormous challenge to government, business, and society.
• Threat to economic survival from cyberattacks: The financial, operational, legal, and reputational damage of cyber incidents are higher than ever.
• Supply chain attacks: In case of attacks within the supply chain of a software or hardware product, malicious modules or components are integrated into the product by third-party providers or suppliers.
• Massive connectivity: Currently, there are reportedly nearly 42 billion connected IoT devices, with the number expected to rise to 75 billion by 2035. And anything that is connected is vulnerable.
• Organized Cybercrime: The cybercrime of the future will feature improved organizational structures, an increasing division of labor, and the formation of alliances and partnerships.
• Formation of cybersecurity alliances: Cyber threats cross borders and often require coordinated responses, joint defense alliances and coalitions of companies and institutions are becoming increasingly important.
• Use of AI in cyberattacks: Automated mass attacks via phishing that are tailored individually to the targeted companies are becoming more and more common.
• Increase in vulnerabilities: The drastic increase in the number of security vulnerabilities is making vulnerability management a monumental task.
• Automotive hacking: Advancing digitalization, autonomous driving and increased connectivity pose new challenges for the for the cybersecurity.

TÜV Rheinland offers solutions and recommendations to help organizations prepare for these challenges and improve their cyber defense capabilities. For detailed information on the ten Cybersecurity Trends 2024, visit www.tuv.com/cybersecurity-trends at TÜV Rheinland.

About TÜV Rheinland

TÜV Rheinland stands for safety and quality in virtually all areas of business and life. The company has been operating for more than 150 years and ranks among the world’s leading testing service providers. It has more than 20,000 employees in over 50 countries and generates annual revenues of around 2.3 billion euros. TÜV Rheinland’s highly qualified experts test technical systems and products around the world, support innovations in technology and business, train people in numerous professions and certify management systems according to international standards. In doing so, the independent experts generate trust in products as well as processes across global value-adding chains and the flow of commodities. Since 2006, TÜV Rheinland has been a member of the United Nations Global Compact to promote sustainability and combat corruption. Website: www.tuv.com .

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