The threat landscape is continually evolving, and companies which run critical infrastructure like utilities need to be aware of any new dangers coming towards them. In 2024 two targets for malicious actors are the IIoT (Industrial Internet of Things) and State-sponsored attacks.
IoT and Industrial IoT
As more and more IoT and Industrial IoT devices come into operation, often with limited security, they present an increasingly attractive target for cybercriminals. In 2023, attacks on IIoT devices saw a noticeable rise, with attackers leveraging vulnerabilities to launch distributed denial-of-service attacks (DDOS), purloin data and interrupt operations. These criminal actions evolved to include new techniques like exploiting supply chain vulnerabilities and compromising firmware updates, highlighting the need for enhanced security measures.
To protect against these evolving threats in 2024, organizations must build comprehensive security packages throughout the entire IoT ecosystem. This includes implementing secure coding practices, regularly updating software and firmware, utilizing strong authentication methods, monitoring networks for suspicious activity, and regular training for staff.
Additionally, organizations need to consider adopting zero-trust security models and implementing segmentation strategies to isolate compromised devices and minimize attack surfaces.
State-Sponsored Attacks
Sadly the last few years have seen increased polarization in global affairs, with more countries being less friendly to each other and “good citizens” of the international community. One way to disadvantage other states is by using cyberattacks to achieve political and strategic goals.
Unlike physical terrorism, cyberattacks are hard to judicially prove who was behind the aggression.
Building strong relationships with law enforcement agencies and government departments and reporting security incidents is fundamental for organizations to defend against state-backed threats.
2024 demands a proactive approach to thwarting cyberattacks. Utilities need multilayered defenses, including sophisticated cybersecurity plans, threat intelligence monitoring and robust incident response activity. By prioritizing comprehensive defense strategies and collaborating across sectors, especially with law enforcement agencies, organizations can better protect themselves from the evolving tactics of cybercriminals.