Top Cybersecurity Trends To Be Aware Of In 2023

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The state of cybersecurity appears to deteriorate yearly. According to a survey by ThoughtLab Opens a new window, the standard number of cyberattacks and data breaches rose significantly over the prior year, by 15.1%, in 2021. However, the survey found that 40% of chief security officers and 29% of CEOs/CISOs respectively admit that their firms are not ready for a constantly evolving cybersecurity and threat scenario.

Cybersecurity teams will still have sleepless nights over the period of the next two years as a result of ransomware and phishing assaults as “cybercriminals will become more prolific,” according to the ThoughtLab report. CISOs and security leaders must therefore consider how to negotiate this constantly changing cybersecurity landscape. 

We have put together some leading cybersecurity trends for 2023 that tech leaders should pay attention to in order to interpret this spike in cyberattacks.

Top Cybersecurity Trends In 2023

An increase in vehicle hacking

Today’s vehicles are loaded with computerized software that enables smooth connectivity for drivers in areas like airbags, cruise control, door locks, and advanced driver aid systems. These vehicles use Bluetooth and WiFi to connect, which exposes them to a number of security flaws or hacker threats. With far more computerized vehicles on the road in 2023, it’s anticipated that attempts to take control of them or listen in on conversations will increase. Autonomous or self-driving vehicles utilize an even more complicated process that demands stringent cybersecurity precautions.

Malware

Malicious software like viruses and worms, are deployed into systems and networks with the goal of causing havoc. Malware has the ability to infiltrate computers, steal sensitive data, and block services.

Malware is monitored and stopped before it enters networks and systems using firewalls and antivirus software, but malicious actors are always developing new malware to get around existing protections. This makes it crucial to keep firewalls and security software updated as well. 

Growth of Targeted Ransomware

Ransomware is a subset under malware only that  it  intimidates disclosing confidential information or limits access to a system. To unlock systems or restore data, ransomware offenders demand payment in cash from their victims’ business.

Ransomware assaults on businesses have increased by 33% so far in 2022 compared to 2021. Many businesses agree to pay ransoms in order to restore their systems, only to experience another ransomware attack from the same hackers.

Significant Crypto Event

Despite all the financial opportunities that cryptocurrency guaranteed investors and seeks to produce, its credibility has suffered. Additionally, the horror stories concerning instances involving cryptocurrency exchanges are deluging the sector with bad news. One direct cyberattack cost Binance $100 million, as an illustration. A number of tokens have been compromised. Then came the collapse of the hedge fund and bitcoin exchange FTX. The brittleness of the environment has raised concerns about security, and another crypto hack might be the last domino to fall, undermining the viability of cryptocurrencies as a viable financial option.

Business Email Compromise

One of the most expensive types of online crime is business email compromise (BEC). Attackers hack business emails to deceive the corporation when it occurs. Criminals hack into corporate systems to obtain access to details about their payment systems at the beginning of the process. Then they lie to the workers and persuade them to pay into their bank accounts rather than the real option.

Due to their close resemblance to legitimate requests, fake payment requests can be difficult to distinguish. To acquire the trust of their victim, attackers may send phishing emails, use malware, or make slight modifications to email addresses. BEC can cause organizations to suffer significant financial losses, and it may take months before payment amounts are found and refunded, if at all.

Phishing

 Since it’s simple for ignorant workers to click fake emails and spread malware, phishing poses a serious threat to businesses. Training employees to spot fake emails, report them, and never open them can be quite beneficial. To make sure that good email habits are instilled, IT should collaborate with HR.

For businesses searching for something resembling a complete solution, there are various suppliers who offer training and packaged solutions. Tech solutions are also available.

Internal employees

Employees with bad security practices may unintentionally reveal passwords and leave infrastructure vulnerable, while disgruntled employees may damage networks or steal intellectual property and sensitive information. Due to this, more businesses are using social engineering audits to evaluate how effectively employee security policies and procedures are being implemented.

Potential of Artificial Intelligence (AI)

With the introduction of AI into all commercial sectors, this technology combined with machine learning has significantly altered cybersecurity. The development of automated security systems, natural language processing, facial detection, and autonomous threat detection has all benefited greatly from AI. However, it is also used to create clever malware and attacks that get through the most recent data security mechanisms. Threat detection systems with AI capabilities can anticipate new assaults and immediately alert administrators to any data breach.

Cloud security

one of the biggest cyber challenges for 2023 that experts are highlighting out is the potential penalty from the regulatory oversight of containers. The repercussions might be just as detrimental to a company’s brand and finances as a break-in.

Data poisoning

Data poisoning in AI systems is on the rise, In a data poisoning, a hostile actor discovers a means to introduce tainted data into an AI system, distorting the outcomes of an AI query and maybe providing business decision-makers with a fake AI result.

A new attack method for corporate systems is data poisoning. Monitoring your AI findings on a constant basis is one approach to defend against it. It’s appropriate to examine the data’s veracity if you abruptly notice a system heading dramatically in the opposite direction from what it previously disclosed.

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