In the recent past, the recurrent events of security breaches, data abuses by businesses, and government surveillance created mainstream interest in digital privacy. Eventually, it also attracted much attention from online threat actors.
So, expectedly, large corporations, financial institutions, and government agencies will be significant targets for cyberattacks from 2024 onward.
Further, the dwindling economy will drive cybercriminal creativity, leading to new innovations to common digital crimes, including attacks to disrupt the accessibility of basic amenities such as water, electricity, gas, or the World Wide Web. This article delves deeper into online security and data privacy trends in 2024 and beyond.
An estimate of data protection and privacy market volume
According to Gartner’s forecast, global spending on cybersecurity and technology risk management will rise by 11.3% to $188.3 billion in 2023 (details in the table below), primarily due to three factors:
- As remote work becomes popular, businesses seek methods to provide safe home-based work environments.
- Shift to a zero-trust network access paradigm, partly due to more people working remotely and limited VPN protection.