6 Cybersecurity Predictions for 2023
With the upcoming New Year, it is time to prepare your company for the following cyber security challenges that will emerge with the innovations.
This coming year, the rapid digitization of companies is expected to open the doors to significant concerns. Among the long list of opportunities, the very first is cyber security. The chances and risk of hacker attacks, cyber threats, and information theft are massive.
These days, companies find themselves in a time of vulnerability. The cybercriminals took the opportunity to “extort” information, and the data can also be sold for the sake of money.
With the post-pandemic effects, businesses are looking forward to shielding their digital assets from such malicious attacks and implementing robust strategies and tools to help them be prepared against web dangers and risk factors.
Let’s have a look at major predictions for cyber security that are entitled to the year 2023. The forecast concerns security and is at the centre of the strategic efforts.
The Visibility Challenge
The workplace was no exception to the visibility of the issues. In the pandemic, the government has ordered tens of millions of organizations to facilitate work from home as they sought to limit the virus’ spread. To accommodate this flood of remote working, IT departments raced against the clock so that they could build the necessary technology infrastructure.
Now, it’s time to take a breath. The next challenge for IT leaders and CISOs is securing the newly acquired devices and services underpinning remote working. Monitoring and threat detection are one of the biggest headaches.
Many workplaces deployed new hardware and software engineers to ensure the continuity of the business, leaving little time to integrate them into existing security workflows.
Supply Chain Risks Will Steal the Limelight
Over the globe, several kinds of attacks lie in the long list of attackers: the SolarWinds hack, the Accellion breach, and the Kaseya attack. These mega-breaches have demonstrated how easily threat actors can compromise with hundreds of organizations once they successfully breach a supply chain’s single link.
The damages caused by supply chain attacks are significantly greater than other attack vectors. It has become a favourite amongst cybercriminals globally. It is predicted that the threat of supply chain attacks will still loom over organizations. Considering this, any organisation should consider third-party risk management a top priority.
Cyber Warfare Will reach the New Height
Cyber warfare has already caught momentum in the current year, creating a rising need for cybersecurity as critical infrastructure with the increasing trends of digitization, including wildfire. Cyber awareness attacks have become a weapon for countries to express their opposition.
It aims to achieve the respective regional interests and geopolitical objectives; prominent nation-state actors in Russia, China, Iran, North Korea and various other countries will continue to maintain an aggressive posture in 2023. Multiple factors, such as rising geopolitical tensions, instability, and increasing access to cryptocurrencies, will considerably contribute to the growing number of politically-motivated attacks on nearly every industry.
Increase in vishing & social engineering scams
The world was fighting the disease of Omicron or other worrisome variants of Covid-19; some were managing the pandemic well with high vaccination rates.
When humans were forced to isolate, quarantine, to stay home, the next best alternative was to turn to social media. People were sharing their whereabouts, intimate personal details, and images, not taking the precautions to protect their accounts. The longing for attention and interaction helps facilitate easy prey for scammers as there was a rising volume of vishing and social engineering scams.
Regular cybersecurity awareness training is a must for enterprises to follow. Running phishing and vishing test campaigns will also help test organizations and employees to deal with such attacks.
Supply-Chain Attacks
There has been a rise in Supply-Chain attacks, and each attack is designed to create the maximum impact. As per the report of CSO, supply chain attacks, also known as value-chain or third-party attacks, occur when gaining access to a threat actor to a system through a third-party or outside provider that has access to the said system or data. SolarWinds, a software development company, unknowingly sent out infected software updates to their customers. This led to a wave of strategic infections. Supply chain attacks are a domino effect that can cause damage to an entire supply chain.
It is a belief among Cyber security experts that more cases will emerge in 2023. They will be causing damage to the compromised company and its customers. Threat actors will utilise this type of attack to their advantage. Thus, adopting a more secure and advanced cybersecurity system becomes essential.
Threat actors will target password managers
If in case the password managers are hacked, there would be an incredible score for any threat actor that is seeking to attain access to accounts for a variety of purposes. This monetary gain might be looking for credit cards stored as secured notes or bank account details.
The possibilities are endless. The threat actors are also expected to target password managers in 2023. It is more likely to visualize a significant hack against a central password manager that will result in millions of passwords being dumped at scale.
Password managers contain a considerable portion of our digital lives. But, if a threat actor can bypass our chosen password manager’s security controls and access our information, our secure passwords won’t matter much.
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