2023 saw organisations 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, with 29% of local organisations experiencing a 50% or more increase in incidents. Furthermore, the firm 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 organisations want to get ahead of modern cyberattackers. With stakes higher than ever, organisations need to take a holistic approach – accounting for macroeconomic factors, emerging technologies, and cloud risks among others.
