How Social Media Attacks 2024 Will Continue

Recently, there has been an outbreak of account takeover attacks targeting high-profile Twitter/X accounts known as Drainers or Drainers as a Service (DaaS), often through phishing and SIM swapping techniques to redirect users to dangerous websites. These so-called Drainer services use these methods and more.

social media attacks 2024

These attacks illuminate a disturbing reality: social media platforms are virtual battlefields requiring constant vigilance and stringent security measures. In this blog post we’ll take a deeper dive into social media hacking statistics 2024 so you can protect yourself online.

1. Social Engineering Attacks

In 2020, 130 high-profile Twitter accounts fell victim to hackers – an astonishing statistic which serves as an alarm bell to digital users, prompting them to strengthen protective measures and adopt more vigilant and thoughtful approaches when protecting their online spaces.

Statistics in this blog post illustrate that cybercriminals rely on multiple techniques to gain access to sensitive data. One such tactic, social engineering, entails fooling people into giving access to someone without authorization – in social media terms this may take the form of piggybacking or tailgating (where someone poses as an authorized user to gain entry or requests directions).

Other methods used by cyber attackers to gain entry include spear phishing, worms and ransomware. Therefore, it’s vital that you remain up-to-date on current cyber threats by staying informed and verifying content before sharing online.

2. Malware Attacks

Cybercriminals are constantly on the lookout for ways to infiltrate a target’s device and steal sensitive information or hijack an account, with social media hacking often serving as one of the primary means of accessing personal or professional data belonging to victims.

Malware attacks can have severe repercussions for individuals and businesses alike. Common outcomes of such an attack include identity theft, phishing attacks, reputational damage and data leakage.

Malware attacks use malicious code to gain unauthorized entry to devices belonging to victims and gain unauthorized access, often with the goal of blackmailing them into sending money or stealing personal or professional data from them.

With the right tools at their disposal, hackers are adept at quickly identifying vulnerable victims by studying their online footprint and searching social media for clues about their interests. Armed with this data, they can then use it to launch more sophisticated phishing or malware attacks against those individuals they target – this statistic alone shows just how dangerous this form of fraud can be – 32% of phishing attacks used social media as vector in 2020 alone – so be cautious and stay vigilant!

3. State-Sponsored Actors

As many of the world’s most populous nations are holding elections and major events like the Paris Olympic are being hosted, expect state-sponsored actors to step up their efforts to influence events and capitalize on rogue hacktivists through cyber espionage, infrastructure attacks and phishing schemes.

Technology threats will continue to pose a top priority in 2024, as evidenced by Midnight Blizzard’s successful attack against Microsoft. They used password spray attacks to gain entry to email accounts of Microsoft executives as well as gain access to critical software systems.

Attacks underline the need for companies to implement comprehensive security measures, including multi-factor authentication, patch management and obfuscation techniques. Businesses should follow cybersecurity best practices such as strong passwords, 2-factor authentication, don’t click suspicious links and backup data regularly – as well as using risk analysis techniques to prioritize vulnerabilities and updates as soon as they arise; prioritizing those of greatest significance first before moving onto others later on.

4. High-Profile Hacks

Hackers will target high-profile targets during major global events like elections and the 2024 Olympic Games, according to Amir Hirsh, head of security at Tenable OT Security. They’ll also continue targeting factory farms and energy producers with an agenda, according to Hirsh.

Social media hacks that have become commercialized are an alarming reminder that cyberspace remains an ever-expanding battlefield that requires vigilant protection by individuals and organizations alike. Furthermore, their staggering sum in pilfered cryptocurrency serves as an eye-opener to cybercriminals engaging in such attacks for financial gain.

Experts predict 2024 will bring with it an explosion of data breaches, critical vulnerability exploits and massive endpoint exploitation such as internet routers. Attacks will only become more sophisticated as hackers use newer tools like generative AI hacking to automate attacks at scale. Cybersecurity will increasingly become a board-level strategic priority as organizations understand that protecting their digital assets must now include protecting HR and supply chain operations as well.

5. Unauthorized Access

Hackers can gain access to personal data stored in social media accounts if the settings aren’t set appropriately and use it for malicious activities. They could impersonate users in order to gain banking credentials or other sensitive data; moreover, hackers could target high-profile individuals in order to demand ransom payments or spread disinformation and threats against them.

As part of any discussion of social media hacks, the shocking statistic that 33% of cybercriminals employ such attacks for financial gain adds an alarming note of reality to any discussion on this issue. It highlights the necessity of taking extra precautionary steps and employing robust security measures in order to protect digital sanctuaries.

To reduce your social media hacking risks, implement strong and unique passwords, two-factor authentication (2FA), keep apps up-to-date, and refrain from clicking suspicious links. Also consider regularly auditing company social media profiles to ensure compliance with cybersecurity policies, while security solutions like phishing protection, malware removal tools, reputation management solutions or threat hunting technologies may help to mitigate risks – they may even detect and respond quickly when there’s unauthorised access.