Increase in Cyber Terrorism
Cyber terrorism is unethical computer-based attacks carried over the Internet on specific websites and information stored by distributed DoS attacks or vandalizing and defacing these websites in order to create panic, achieve political motives, spoil reputation, or in some cases even blackmail and threaten which can cause loss of life.
Cyber terrorism incidents are on the rise and are carried out on a huge scale by seasoned hackers. These cases are expected to increase in the coming year causing disbalance in governments and the power they hold.
Top 7 Cybersecurity Predictions for 2024
Cybersecurity is currently one of the most demanded skills and this demand has grown exponentially during the Covid-19 times. This sudden spike is attributed to the fact that everything has shifted online, from classes to business meetings and conferences.
The employees of most companies are working from home and are at a greater risk of being attacked by a new cyber threat (cybercrime), vulnerability, or a hacker. Cybersecurity predictions suggest more cyber threats and the need for stronger defenses.
IBM X-Force Exchange (threat intelligence sharing platform) has seen a significant increase of close 4300% in coronavirus-themed spam worldwide during the lockdown. More than 7 out of 10 Indian companies being attacked with phishing, malware, and ransomware with a soaring 260%.
A recent study conducted by the Data Security Council of India in collaboration with PwC states that the cybersecurity market in India is predicted to grow from USD 1.97 billion in 2019 to a whopping USD 3.05 billion by the year 2025.