ZeroFox Releases 2024 Threat Forecast Report Assessing Next Year’s External Cyber Threat Landscape
07 November 2023 - 10:00PM
ZeroFox (Nasdaq: ZFOX), a leading provider of external
cybersecurity, today released its annual 2024 Threat Forecast
Report outlining key predictions and recommendations from ZeroFox
Intelligence. Combining depth and breadth of intelligence
experience and access, the 2024 Threat Forecast offers security
teams insight on threat trends and steps to address an evolving
external attack surface. Key takeaways include an anticipated
significant increase in attack vectors shifting toward third-party
vendors of major corporations and government entities, the use of
generative AI and synthetic media by both malicious and
non-malicious actors to create more persuasive fake content, and
geopolitical conditions contributing to increased cyber incidents.
The cyber threat landscape evolved significantly
in 2023, as threat actors embraced new tools and diversified
tactics to overcome defenses. ZeroFox Intelligence observed a
record number of ransomware and digital extortion incidents this
year, reflecting consistently higher-than-average activity of
prolific cybercriminal gangs such as Cl0p throughout the year.
“2023 was a banner year for cyber threat
advancements, as we saw the explosion of generative AI tools.
Additionally, significant global conflicts radically alter the
threat landscape in multiple regions. This report reflects the
collective efforts of our intelligence leaders and experts across
the globe to better understand these evolving threats - including
those operating in the underground economy – and empower security
teams to defend against, deter, and disrupt the adversaries most
likely to threaten their security,” said AJ Nash, ZeroFox VP &
Distinguished Fellow of Intelligence. “Throughout 2024, ZeroFox
Intelligence will keep reporting on the most significant threat
developments and continue advancing collection capabilities to
provide customers with a more holistic view of their external cyber
risk.”
The 2024 Threat Forecast Report includes in-depth
assessments of anticipated external threat trends including:
- Ransomware and digital extortion (R&DE):
ZeroFox Intelligence predicts the threat from ransomware and
digital extortion will very likely remain elevated in 2024,
following a record number of extortion incidents observed in 2023,
as newly-formed ransomware groups demonstrate proficiency faster
than ever before.
- Initial access brokers (IABs): ZeroFox
Intelligence predicts IABs will pose a significant threat to
organizations across industries in 2024, with illicit access sales
underpinning the threat from ransomware operators.
- Social engineering: The threat from social
engineering will likely continue on an upward trajectory in 2024,
as threat actors continue to evolve traditional phishing
techniques.
- Artificial intelligence (AI): ZeroFox
Intelligence anticipates measured growth in the use of AI for both
malicious and defensive applications, particularly in information
operations (including to spread mis-, dis-, and malinformation),
social engineering campaigns, and various threat actor tactics,
techniques, and procedures (TTPs).
- Physical and cybersecurity convergence:
ZeroFox Intelligence predicts the greatest cyber-physical threats
will lie within critical infrastructure sectors, as geopolitical
factors will continue to influence the probability for major cyber
events that can have severe or catastrophic physical impacts.
- Election-related threats: ZeroFox Intelligence
expects key elections in 2024, including the US Presidential
Election, will drive an uptick in election-related scams,
disruptive threats, and the spread of disinformation.
- Zero-day vulnerabilities: ZeroFox Intelligence
predicts a rise in both the discovery and exploitation of zero-day
vulnerabilities in 2024, as adversaries pivot away from traditional
methods of data exfiltration toward a heightened focus on
exploiting vulnerabilities for increased financial gain.
Beyond predictions for next year, the report also
offers security practitioners strategic recommendations to counter
external cyber threats and enhance cybersecurity resilience.
ZeroFox is proud to share its industry-leading intelligence with
customers and the wider security landscape to mitigate risk and
reduce uncertainty around the evolving threat landscape. The
complete ZeroFox 2024 Threat Forecast is available for download
here.
About ZeroFox ZeroFox (Nasdaq:
ZFOX), an enterprise software-as-a-service leader in external
cybersecurity, has redefined security outside the corporate
perimeter on the internet, where businesses operate, and threat
actors thrive. The ZeroFox platform combines advanced AI analytics,
digital risk and privacy protection, full-spectrum threat
intelligence, and a robust portfolio of breach, incident and
takedown response capabilities to expose and disrupt phishing and
fraud campaigns, botnet exposures, credential theft,
impersonations, data breaches, and physical threats that target
your brands, domains, people, and assets. Join thousands of
customers, including some of the largest public sector
organizations as well as finance, media, technology and retail
companies to stay ahead of adversaries and address the entire
lifecycle of external cyber risks. ZeroFox and the ZeroFox logo are
trademarks or registered trademarks of ZeroFox, Inc. and/or its
affiliates in the U.S. and other countries. Visit www.zerofox.com
for more information.
Media Inquiries Maisie Guzi,
ZeroFox press@zerofox.com
Investor Relations Todd Weller,
ZeroFox investor@zerofox.com
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