Threat actors continue to adapt to the latest technologies, practices, and even privacy laws. It’s up to your organization to stay ahead by implementing strong cybersecurity measures and programs.
Here’s how cybercrime will evolve in 2023, and what you can do to keep your business safe and secure in the year ahead.
Surge in Attacks on Digital Supply Chains
The rapid modernization and digitization of supply chains presents new security risks. Gartner predicts that by 2025, almost 45% of businesses worldwide will experience an attack on their software supply chain. This is three times what he is in 2021. In the past, this kind of attack was unlikely because the supply chain was not connected to the Internet. . But now we need to properly secure our supply chain.
The introduction of new technologies in the software supply chain means that there are likely to be security vulnerabilities that have not yet been identified, but which must be exposed to protect organizations in 2023.
If you have implemented a new software supply chain, expanded your technology stack, or plan to do so in the next year, you will need to integrate an updated cybersecurity configuration. Use people and processes experienced in digital supply chains to ensure security measures are implemented correctly.
Rise in the Mobile-Specific Cyber Threats
With the increasing use of smartphones in the workplace, it’s no surprise that mobile devices are becoming a target for cyber-attacks. According to the 2022 Verizon Mobile Security Index (MSI), cybercrime involving mobile devices has increased 22% over the past year and shows no signs of slowing down into the new year.
Organizations should take extra precautions to prevent front-line attacks by implementing software that supports user identity verification. According to the World Economic Forum’s 2022 Global Risks Report, 95% of cybersecurity incidents are caused by human error. This fact alone highlights the need for software processes that reduce the potential for human error during verification. Implement tools like Specops’ Secure Service Desk to mitigate vulnerabilities from social engineering attacks targeting help desks and enable secure user authentication at service desks without the risk of human error .
Doubling down on cloud security
As more and more businesses choose cloud-based activities, cloud security-any technology, policy or service that protects information stored in the cloud-will become a top priority in 2023 and beyond. As technology advances, cybercriminals are becoming more sophisticated and evolving their tactics. In short, cloud security is essential as businesses increasingly rely on it. The most reliable protection against cloud-based cybercrime is the Zero Trust philosophy. The main principle behind Zero Trust is to automatically verify everything. Basically, don’t trust anyone without some sort of approval or verification. This security measure is critical in protecting data and infrastructure stored in the cloud from threats.
Ransomware Attacks Continue to Grow at an Alarming Rate
Verizon data found a 13% year-over-year increase in ransomware breaches. Ransomware attacks are also becoming more targeted, according to the FBI. According to the FBI, sectors such as healthcare, food and agriculture are the latest examples to be hit. As the threat of ransomware grows, so does the use of ransomware as a service (RaaS).
This increasing phenomenon occurs when ransomware criminals rent out their infrastructure to other cybercriminals or groups. RaaS kits make it even easier for attackers to deploy attacks quickly and cheaply. This is a dangerous combination for those who lead cybersecurity protocols and procedures. Ask end-users for help in using RaaS to better protect against attackers.
We All Needs to Welcome the Tighter Privacy Laws
No discussion of cybersecurity in 2023 would be complete without mentioning privacy laws. With new privacy laws coming into force in several states over the next year, now is the time to review your current procedures and systems to ensure they are being followed. These new country-specific laws are just the beginning. With more states likely to enact new privacy laws in the coming years, businesses are advised to check their compliance.
Data protection laws govern how organizations store and process data, and implementing these new changes can introduce additional risks if not implemented carefully. Make sure your business adheres to appropriate cybersecurity protocols, including the aforementioned Zero Trust.