Cybercrime and Security Forecast for 2023: Trends and Threats to Watch
As cybercriminals continuously adapt to the latest technologies and data privacy laws, organizations must stay ahead by implementing strong cybersecurity measures and programs. Here's what to expect in the evolving cyber threat landscape and how you can prepare your organization for 2023 and beyond.
Rise in Digital Supply Chain Attacks
With the rapid shift to digital supply chains, new security risks are emerging. Gartner predicts that by 2025, 45% of organizations will experience attacks on their software supply chains, a significant jump from 2021. These types of attacks weren’t possible when supply chains were offline, but now that they’re online, they must be secured properly.
As new technology is integrated into software supply chains, undiscovered security holes may be introduced. If you're planning to incorporate new software supply chains, ensure that updated cybersecurity configurations are integrated into your systems, and work with experts experienced in digital supply chain security to mitigate risks.
Mobile-Specific Cyber Threats on the Rise
As smartphones become integral to workplace operations, mobile devices are becoming prime targets for cyberattacks. In fact, cybercrimes involving mobile devices have risen by 22%, with no signs of slowing down.
The widespread use of SMS-based authentication is becoming less secure, as shown by breaches at major companies like Uber and Okta, which were impacted by security flaws in one-time passcodes. Organizations should transition to multi-factor authentication (MFA), using more secure options like authenticator apps or device-based authentication to reduce vulnerabilities.
Additionally, human error is a major contributor to security incidents. Tools like Specops' Secure Service Desk can minimize social engineering risks by ensuring secure user verification, reducing errors at the help desk.
Strengthening Cloud Security
As more businesses migrate to cloud-based solutions, cloud security becomes more critical than ever. The zero trust security model is essential to protecting your cloud-stored data and infrastructure. The core idea of zero trust is to assume that no one, inside or outside the network, should be trusted without continuous verification. This approach significantly strengthens the security of cloud-based resources.
Ransomware-as-a-Service (RaaS) on the Rise
Ransomware attacks continue to escalate, with a 13% increase in ransomware breaches, according to Verizon. The rise of Ransomware-as-a-Service (RaaS) is making it easier and cheaper for cybercriminals to execute attacks. This model allows attackers to lease ransomware infrastructure from others, enabling them to quickly deploy attacks.
To counter RaaS, organizations must train end-users to spot threats and implement backup measures like strong password policies, MFA, and email security tools. Regular training and awareness are key to reducing human error and increasing overall cybersecurity vigilance.
Preparing for Stricter Data Privacy Laws
As data privacy regulations become more stringent, it’s essential to ensure that your organization is compliant with new laws. Several states are introducing new data privacy laws, which may require changes in how data is stored and processed.
To avoid exposure to additional risk, ensure that your organization follows cybersecurity best practices like the zero trust model and implements the necessary compliance measures. Regularly assess and update your cybersecurity policies to align with evolving regulations.
