Are you looking for guidance and trends in cybersecurity for the near future? We are living in an era of an increase in digitalization where cybersecurity plays a vital role in the protection against threats and attacks by hackers. The more updated you are becoming, the more hackers use upgraded tactics to breach security and make you pay for it. Business organizations, especially small ones, are more vulnerable to cyberattacks because of their insufficient cybersecurity measures. Therefore, it is essential to know the cybersecurity trends of 2023 to be prepared.
Forrester published a report stating that 55% of security professionals faced security breaches in the supply chain last year. Around 60% of the breaches resulted from third-party attacks that became global security incidents. Every year, millions of data breaches happen even if the system is protected. Hackers find a loophole or create one to take access such as phishing, malware, and others.
Cybersecurity is the shield to protect against cyberattacks but you also need to where to emphasize the protection. Here are five cybersecurity trends you should not neglect for 2023.
Evolution of Artificial Intelligence (AI)
Artificial Intelligence (AI) is utilized and depended on in almost every organization today. Even Machine Learning technology is making the evolution for the growth of businesses and implementing advanced security practices in the most efficient way possible.
Consequently, the attacks are quite intense in AI-powered tools. Experts found that deep fake technology is one of the popular tools used as a threat. Cybercriminals can distort information, undermine reputable sources, and create false identities.
IoT devices are the center of attention
Internet of Things or IoT devices is the most common thing found in every home and workplace which is also a matter of concern because of its vulnerability. A study showed that 60% of IoT devices are left unsecured which makes them vulnerable to cyber threats.
Business Insider Intelligence, Business Insider's premium research service, predicts there will be 55 billion IoT devices by 2025 https://t.co/f14a2XADhY
— Business Insider (@BusinessInsider) June 17, 2018
Insider Intelligence predicts that there will be around 64 billion IoT devices in the next five years. It shows that the breach can go on anytime and anywhere one does not pay enough attention. So, it is high time to implement a strong security system for IoT devices, or else things can worsen for anyone.
Upgraded network in smartphones
Smartphones can now hold vast amounts of data that can also put you at risk if not protected. Many data breaches happen because of phishing attacks. The rate of increased mobile banking malware attacks has increased by 50% since 2019. It will go on and may become more available in the next few years.
Another threat to smartphones is wireless connectivity through the 5G network. This next-generation cellular technology can also put your data at risk. An unsecured Wi-Fi connection can also be a threat. The unencrypted network can give anyone access to breach in and hackers get easy access for intercepting data transmission.
Supply chain attacks or third-party threats
Big organizations spend millions of dollars on third-party software systems or applications to make easy the data transfer. For cybercriminals, it is the easiest entry point to attack the company data or keep it hostage in return for ransom.
The threat might not be a new one, but it is increasing day by day. In 2021, there was a surge of 430% in supply chain attacks which is a 300% increase since 2020. Educating employees about cyberattacks and their causes has become necessary.
Edge computing unfolds new challenges
Edge computing is still new to some people which is advantageous for cybercriminals. It is like a hub of distributed computing paradigms for computation and data storage. The attacks occur from the surface and pass through the data-distributing channels to the processing power at the edge.
Due to its complicated system architecture, it might be difficult to secure data at the edge which is an open challenge. By implementing adequate security measures and proper planning, cyberattacks in edge computing can be tackled. The process might be a bit difficult but not impossible.
Many cyberattacks can be mitigated by training people in awareness. As long as everyone becomes aware of attack vectors, there will be fewer security breaches all around. Organizations have already started to take action and increase the strength of cybersecurity by investing in various sectors. Research has shown that 81 countries will make a $322 billion expenditure in 2023 for some major cybersecurity in IT.
Photo credit: The feature image has been taken by Gorodenkoff.
Sources: SOCRadar / Forrester / Andrew Meola (Insider Intelligence) / Warwick Ashford (ComputerWeekly) / Phil Muncaster (InfoSecurity)