ASIA PACIFIC CYBERSECURITY PREDICTIONS 2024

Palo Alto Networks, the global cybersecurity leader, has recently released its 2024 cybersecurity predictions for Asia Pacific alongside 5 key insights from industry leaders to help organizations ensure a secure future.

2023 saw organizations witness unprecedented levels of cybercrime. Palo Alto Networks' State of Cybersecurity Report found that the Philippines experienced the highest number of disruptive attacks in Southeast Asia, also received the most number of calls to its incident response team ever in October 2023. Cybercriminals have used ransomware to target critical infrastructures and found novel techniques to exploit emerging technologies like generative AI to ill-effect.

Predicting cybersecurity trends for 2024 will be especially important if organizations want to get ahead of modern cyberattackers. With stakes higher than ever, organizations need to take a holistic approach - accounting for macroeconomic factors, emerging technologies, and cloud risks among others.

Ian Lim, regional chief security officer of Palo Alto Networks, said, "In 2023, we've seen mature organizations, who invest heavily in cybersecurity, still falling victim to debilitating cyberattacks. This is due to the tenacity and ingenuity of attackers who exploit cyber hygiene issues or find novel ways to compromise legacy defenses. Another key reason for these breaches lies in the complexity of security capabilities in most modern organizations. They use an average of 31.58 disparate security tools to protect their highly interconnected and innovative environments. The lack of correlation and the level of noise generated by these tools creates immense visibility gaps and dampens their ability for detection and response."

He added, "Going into 2024, highly motivated cybercriminals, nation-state attackers, and hacktivists will continue to innovate, expand, and exploit - not much we can do to slow that down. However, we could and should definitely address the complexity of our security capabilities with AI to make them more effective and cost-efficient."

Here are the five cybersecurity trends to watch out for in 2024: