During the last few years, businesses and corporations have lost billions of dollars in data loss, ransom, and denial of service, with a staggering $400 billion lost each year to hackers. Cybercriminals use various techniques to gain access to a network, website, application, or data center. Apart from gaining access, cybercriminals have invented sophisticated systems to disrupt business services, increase website downtime, and deny access to servers and web-based applications over local networks or clouds.
Cybersecurity continues to be a major concern for businesses around the globe as more businesses lose customers and brand reputations. The scuffle between cybercriminals and cybersecurity specialists is expected to escalate in 2023 and beyond as cybercriminals use advanced technology to get unauthorized access and tamper or steal valuable information. Scroll down to explore the top 7 cybersecurity trends to watch out for in 2023.
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Preemptive Cybersecurity Measures
The idea of preemptive cybersecurity measures is gaining popularity, and the trend continues to grow. Such cybersecurity practices not only help organizations prepare for a range of threat vectors but also identify weaknesses in the existing system. These practices include network and application vulnerability assessment, all-out application testing including white-box, black-box, and grey-box testing, network and application penetration testing, and ethical hacking. While many organizations prefer developing a cybersecurity cell, others opt for managed security from third-party security service companies.
A team of cybersecurity specialists regularly runs various tests to identify compromised security areas. These cybersecurity specialists have in-depth knowledge of security protocols like data encryption, compliance with data security regulations, hacking tools and techniques, vulnerability assessment, intrusion detection, incidence response, and PRTG network monitoring software. Specialized courses, degree programs, and online cybersecurity bootcamps focus on developing skills for identifying new threat vectors, preventing attacks, and protecting critical corporate information.
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IoT Vulnerabilities
The internet of things (IoT) sector is rapidly expanding, bringing with it a slew of risks. As more businesses, organizations, and individuals integrate internet-connected smart gadgets into their local digital infrastructure, the danger of cyberattacks grows rapidly. Cybercriminals exploit hardware and firmware vulnerabilities in IoT devices and attempt to create a connection with non-standard ports and access the local network.
2023 is expected to witness more instances of IoT security breaches, particularly in the healthcare industry. IoT in healthcare, or the internet of medical things (IoMT), entails medical and real-time input devices like sensors, cameras, wearables, and remote patient monitoring equipment. The growing adoption of these devices among patients creates a whole new set of vulnerabilities and entry points for hackers to obtain access to patient data. Cybersecurity specialists need to focus on developing new and improved monitoring and control systems to reduce the instances of IoT or IoMT breaches.
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Intelligent Cybersecurity Tools
As artificial intelligence digs its roots deeper into all fields of life, the use of AI-powered cybersecurity tools will increase exponentially in 2023. AI-based security systems will work as a counter-strategy against intelligent hacking tools and automated cyberattacks. Threat intelligence systems can recognize threat patterns based on previous data and anticipate potential attacks beforehand.
AI-powered cybersecurity tools allow businesses to comply with industry best practices in terms of data security and compliance. These tools assist businesses in minimizing incident response times, creating effective disaster recovery policies, and taking proactive measures against a potential future attack.
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Extended Detection And Response (XDR) Solutions
Extended detection and response (XDR) solutions are part of the latest security platforms that provide a unified interface to security professionals and allow them to detect and respond to potential security threats beforehand. XDR solutions collect data from all points of network connections, including local networks, web applications, IoT, clouds, and local servers and workstations. Threat intelligence from local, shared, and external threat intelligence sources can help cybersecurity specialists create counter-strategies for all threat vectors. XDR solutions provide integrated incidence response to instantly resolve attack alerts. The subsystems of XDR solutions allow experts to search suspicious threat behaviors, locate the origins of threats, and take necessary actions to counter these threats and mitigate risks.
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Automotive Hacking
Modern automobiles are outfitted with next-generation software that provides all-out support and connectivity for drivers in maneuvering as well as in cruise control, door locking systems, car security, engine or hardware troubleshooting, navigation, climate control, and built-in application consoles. The automobiles require WiFi or Bluetooth connectivity to interact with the driver. Advanced automotive systems are capable of connecting to the vendor to track car performance and receive notifications. Any vulnerability in wireless connectivity exposes critical data to cybercriminals who can easily corrupt information, resulting in malfunction and data theft.
With the inception of 5G networks, the year 2023 will witness the preliminary use of autonomous vehicles, self-driving, drone deliveries, flying taxis, and driverless cabs. Cybercriminals can exploit the vulnerabilities in autonomous systems to gain access to car controls, microphones, and application consoles. Autonomous cars and drone deliveries employ a complicated process that needs stringent cybersecurity protocols.
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The Inception Of Zero Trust Networks
Zero Trust is a way of thinking and a policy instead of a technology or product. These policies emphasize the need for verification of identity, network access, data exposure, and user rights, as well as layered security architecture for network security and threat protection. Zero trust policies form the basis for foolproof security systems and the implementation of effective cybersecurity practices. By prioritizing verification and layered security architectures, organizations will protect their core business functions and critical information from cyber-attacks. Zero Trust is an efficient method for reducing data loss and preventing breaches by allowing business users to engage safely with any application, irrespective of device, platform, and location.
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Supply Chain Attacks
The latest figure of cyber assaults on complete supply chain networks is alarming. The number of supply chain attacks increased by a whopping 42% in 2021, while 82% of organizations are at risk of cyberattacks on software supply chains. These figures are expected to grow in 2023 due to the amount of damage it can cause to the entire software supply chain of a business.
A software supply chain attack occurs when malware or spyware infiltrates a software vendor’s public or private cloud and compromises the security of software being used by various customers. This way, a hacker gains access to critical organizational data and networks through a third-party vendor or service provider. Such types of cyber assaults target not just networks but also those connected via a supply chain.
Since many businesses use SaaS-based software to perform core business functions, the attack surface for organizations has significantly increased in recent years. As cloud computing provides automated software upgrades, the impact of such attacks can be quick.
Final Thoughts
Cybersecurity threats have increased and continue to impede every aspect of the digital world. Organizations must always remain a step ahead of cybercriminals in mitigating risks and preventing vital corporate information from cyberattacks. This entails being aware of new or improvised security breach techniques, potential vulnerabilities or flaws in your existing security infrastructure, and the latest cybersecurity trends. We hope the above list will help your business adopt the latest technology trends in cybersecurity and take proactive measures against innovative cybersecurity threat vectors.