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The Latest Cybersecurity Trends for 2023

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Cyberattacks have never been more common than they are now. This is particularly true as the world starts to recover from the pandemic and moves toward a more cloud-based approach. Did you know that 54% of businesses were victims of cyberattacks in the past year? And 75% reported increased security incidents, most frequently caused by identity thefts, ransomware, […] Read More

Cyberattacks have never been more common than they are now. This is particularly true as the world starts to recover from the pandemic and moves toward a more cloud-based approach.

Did you know that 54% of businesses were victims of cyberattacks in the past year? And 75% reported increased security incidents, most frequently caused by identity thefts, ransomware, and stolen or lost devices.

This is a reminder of how crucial it is to plan for the worst-case scenario appropriately. In 2023, cybersecurity trends will “rinse and repeat” with some fresh twists to keep security specialists on their toes.

Your company will suffer if you are not current on cybersecurity solutions. Find out about the latest trends in cybersecurity here.

An Increase in Targeted Ransomware

To get a feel for the current state of the ransomware threat, all you have to do is run a simple news search for the term at any time. There are two possible methods for launching a ransomware attack:

  • By exploiting windows of opportunity
  • By directly attacking something or someone

Complex ransomware attacks on an organization’s tech stack are increasing. Targets are international companies that cannot afford downtime due to the very nature of their services.

Therefore, it goes without saying that the following, among others, should be vigilant such as:

  • All businesses
  • Government agencies
  • Essential services companies

They should also employ a trifecta of safeguards to ensure their data is safe. These include:

  • Secure the working environment
  • In the event of a breach in the security of the data, you should be prepared with a disaster recovery strategy
  • Make sure security and compliance are constantly being checked

Doing this will help companies prevent or at least reduce the risk of a ransomware attack.

New Compliance Measures

A total of five states have already implemented their 2023 consumer privacy laws. These include:

  • The state of California
  • The state of Virginia
  • The state of Colorado
  • The state of Utah
  • The state of Connecticut

Along with this, additional regulations of compliance that are relevant to breaches are also being considered.

The rules are getting tougher, so you can anticipate that the fines already in place will be even more of a financial burden. This is especially true as unprepared violators will face higher fines in the future.

Companies Will Seek Out Simplification

Not too long ago, the tendency was to add “unique security features” to products to make them better at protecting. So, companies have too many different security features in-house to make sure that each part is safe.

Since information is scattered, guarding the “castle” is no longer effective. A single solution will safeguard more of the “castle,” freeing defenders to focus on early threat detection and response.

Theft of Credentials Will Continue to Increase

Cybercriminals will keep exploiting massive troves of stolen or compromised credentials. are seeing a steady uptick in usage among both customers and businesses. You will see a steady uptick in usage among customers and businesses of the following:

  • Password managing tools
  • Tokens for identifying hardware
  • Passwordless logins

However, unfortunately, most individuals still use the same credentials across many platforms. Threats targeting push-based multi-factor authentication and second-factor authentication, like SMS, will persist. Furthermore, phishing attempts and other methods to steal login tokens will increase.

Cyber-Regulation Will Affect The Insurance Industry

The cost of ransomware and disaster recovery caused much trouble for cyber insurers in 2022. In response, the industry is adopting new pre-policy cybersecurity measures. As a result, premiums are rising dramatically.

Many people focus on the federal government regarding cybersecurity regulations and actions. This year should see the introduction of new ransomware payment legislation. This will result in the following:

  • Increased reporting requirements
  • Cyber insurance policy changes
  • New pre-compliance norms

As these new measures come into play, we will actively push for excellent legislation and hope it will be implemented.

Zero Trust Will Gain Traction

Many sources cite that the industry is still underutilizing the Zero Trust cybersecurity principles. Zero Trust integration is becoming increasingly commonplace in modern security platforms and tools. Increased adoption is expected in 2023, and most indicators show this as an educational and cultural issue.

While Zero Trust is not the proverbial “silver bullet” of cybersecurity, it is part of the foundation of evolving cybersecurity that strives to authenticate users everywhere possible in a modern cloud infrastructure.

Get Ready For SASE

In the realm of cybersecurity, the access control service edge is about to see a huge uptick in adoption. As data and users grow more diversified, widely spread, and susceptible than ever before, companies are searching for:

  • Streamlined solutions
  • Tighter technological stacks
  • Attainable alignment between network speed and security

Think of this as encrypted information physically located at the network’s periphery. And it is far closer to the end user than ever before.

A Looming Global Recession

Even though the cyber forecast for 2023 has become clearer, a possible global recession and how the precarious economy will impact cybersecurity spending, and why attackers do what they do is still a wild card.

The economic outlook for 2023 should become clear in the first few months of the year. The danger of economic upheaval and reputational loss due to significant breaches can be reduced, regardless of the state of the economy, by companies that make cybersecurity a top priority.

Are Cybersecurity Trends Real?

Predictions about future technology can be risky, but not in cybersecurity. Nothing is more frustrating than getting caught in a cyber position where you have no idea what is going on or how to deal with an attack.

Even if they are not completely accurate, 2023 cybersecurity trends are essential for forward planning. They help us plan for the most harmful cybercriminals and malicious criminals.

Need help with your cyber protection? Contact us! We are an award-winning cybersecurity provider with 24/7 threat detection and cleanup.