Data for any company is precious. Attackers steal information about clients, customers, and businesses and sabotage their lives in many ways. That's why it becomes essential to practice caution in this area as much as you protect your home or company's physical boundaries. The experts believe 2022 unleashed fewer cyber security surprises than any other year in recent memory. Either they were predictable or took full shape and form after a few years. It doesn't imply one can be complacent. You must consider what happened and may happen ahead in 2023 to plan better for your company's future and everyone invested in it.
If you need to be better equipped, you can learn about Intelligence Training and build your defense to ward off any untoward event. Before this, find out about the past and expected trends.
2022 and 2023 cyber security trends
Ransomware:
It captured everybody's attention by seeing an uptick of 41% from the last year. Companies couldn't figure out a breach in 49 days. The attackers gained strength by providing ransomware services. The good thing that happened was organizations became strict with all devices, apps, and users seeking access. It helped them save as much as one million US dollars on average compared to their spending on tackling breaches. In 2023, the attacks will not relent. But the victims of the previous spells are much more prepared than ever to combat it. They have invested a significant deal of money and time in this.
Credential stealing:
You can also expect cyber thieves to use stolen or leaked information to disproportionate levels of devastation. Although there is a gradual movement toward tokens for hardware identity and password managers, many users still depend on credentials. In 2023, you can expect SMS and other second-factor authentication processes to also suffer from the attacks. Phishing instances can also increase.
A critical insight
It was a common belief that protecting the moat could be a good defense strategy, while scattered data make it difficult. For protection, companies need to use automation to detect adversaries early and respond to their plans. Conversely, cybercrime operators can become more active the following year. If the anticipated global economic meltdown hits, the gang of hackers can mushroom to earn some quick money.
On another note, the zero trust policy of the companies will pick up more steam as security teams will focus on adoption plans in 2023. However, there is a risk of errors. As evident, many groups are developing less trust architecture than no trust, opening a path for loopholes for hackers to leverage in 2023. They can succeed in implementation only if they understand what trust relationships mean.
According to data security experts, predictions about cyber-attacks are almost mature, but the game changer can be a potential economic recession. Cyber security investments will drastically drop if it happens, and hackers can get additional motivation. That's why it's crucial to observe a few initial months of the new calendar year for hints about the economic condition.
Still, companies that strengthen their cyber security despite the crunch situation will face less disruption and reputation damage from the breaches than others. So, choose your strategy wisely.
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