Top 5 Cybersecurity Trends to Watch Out for in 2023
Businesses need to start making future plans right away if they want to remain ahead of cyberattacks. You may develop a reliable security strategy following these cybersecurity trends.
One of the vital issues facing businesses today is cybersecurity. Hackers continue to steal data, disrupt operations, and harm vital infrastructure as cybercrime is on the rise. The average amount of cyberattacks and breaches for small firms increased by 15.1% in only one year, according to a 2021 analysis by ThoughtLab.
Cybersecurity threats will only become more sophisticated as we enter the next decade and more devices connect to the Internet of Things (IoT).
As technology develops further, new threats appear. These threats include targeted malware, ransomware, malicious software, and phishing attacks. To defend against these new threats, organizations must modify their security strategies.
Companies need to start preparing for the future now if they want to stay ahead of the curve. They should base their strategy on the following cybersecurity trends to achieve this.
- Cybersecurity Awareness
In response to the increased threat of cyberattacks many organizations are taking action to increase their understanding of cybersecurity issues. According to Fortune Business Insights, cybersecurity products and services are expected to increase from $155.83 billion in 2022 to $376.32 billion in 2029.
As cybersecurity becomes more widespread, organizations are investing in training programs and educating employees about safeguarding sensitive data. In order to prevent unwanted access to systems and networks, they are also putting policies and procedures into place. Only 50% of U.S. organizations have a cybersecurity plan in place, so there is still plenty to be done.
2. Phishing Attacks
Phishing attacks are getting more and more complex. Hackers manipulate people into disclosing personal information by using social engineering techniques. Attackers might, for instance, send emails that seem to be from a reliable business or person. When recipients open them, their systems are infected with malware.
Business travelers who routinely use public Wi-Fi hotspots while traveling are more susceptible to this cybersecurity issue than other passengers. These connections are vulnerable to interception, giving hackers access to business networks. Phishing accounts for 90% of cyber attacks due to its efficiency and accessibility.
Organizations should educate staff members on the risks of opening dubious links and attachments to help them avoid falling for such frauds. Employees should also receive training on how-to spot typical phishing attempts, such as messages that demand private information or immediate action. You should notify a supervisor right away if you receive an email or message that you believe to be a phishing attempt.
3. Cloud Security
Although cloud computing has many advantages for businesses, it also raises particular security issues. Limited control over network resources and data storage is offered by several cloud companies. This implies that a hacker might potentially cause chaos if they are able to access a cloud environment.
For instance, a hacker might destroy every file on a server or tamper with database data. They might even put viruses or spyware on servers. Organizations should take extra measures while adopting cloud platforms as a result of these vulnerabilities, especially since it is a major concern for technology decision makers. 52% of respondents to a 2021 Kazzcade research stated they were extremely concerned about public cloud security. You should ensure that cloud solution uses robust authentication procedures and offer suitable security protections.
4. Data Privacy Regulations
Recently, the public has become more aware of the unauthorized sharing of their personal information. The controversy that targeted digital advertising has sparked in recent years is a fantastic illustration of this.
To satisfy their users' desire for privacy, tech behemoths like Apple, Google, and Facebook, businesses that have gained enormously from digital advertising revenue, have had to make significant adjustments to their privacy policies.
New laws like the GDPR (General Data Protection Regulation) and CCPA (California Consumer Privacy Act), which seek to give individuals control over their personal data and impose new data protection obligations on organizations, have been made possible by the public's increased awareness of these issues.
In order to reduce risk and responsibility, compliance with regulations will play an ever bigger part in cybersecurity plans. If not, businesses risk fines and penalties that will harm their reputation, in addition to causing commercial disruption. In recent years, Facebook has been the subject of many data controversies that have damaged the company's reputation and that of CEO Mark Zuckerberg.
5. Vulnerabilities of IoT Devices
With the rise of popularity of IoT (Internet of Things) devices, by the end of 2022, nearly 29 billion gadgets worldwide will be connected to the Internet, predicts Ericsson. They are being used by businesses in many different sectors, including manufacturing, transportation, healthcare, retail, and energy.
IoT devices aren't immune to cyberthreats, either. Hackers can take advantage of flaws in the operating system, application code, or device firmware. IoT devices that have been compromised can reveal confidential information and jeopardize network security.
To protect IoT devices, businesses must implement strict security procedures. To protect IoT devices, they should create thorough policies and procedures and teach staff on the right handling methods.
DISCOVER MARKET-LEADING CYBERSECURITY OPTIONS
Every day, cyberattacks get more sophisticated, causing financial losses, reputational harm, legal responsibilities, and sometimes even fatalities. In 2021 alone, cybercrime cost U.S. organizations and individuals $6.9 billion, according to the FBI's annual Internet Crime Report.
A complete solution that meets security and compliance needs is necessary for a successful enterprise cybersecurity strategy. Find corporate security solutions from leading businesses to safeguard your company from online risks and support the success of your enterprise.