Everything has transitioned to the online business market, especially since the entire world was put on lockdown. But, this has made them even more accessible to malware. Whether it’s ransomware, AI phishing, or “deep fakes,” many so-called cyber security “trends” require professionals to solve them.

In recent years, the discussion of cyber security has shifted from the IT department to the boardroom. As the number of attacks has increased and the potential penalties, both regulatory and in terms of customer trust, have grown, it has become a priority at every organizational level.

We frequently think of cybersecurity as an ongoing battle between hackers and criminals, as well as security experts, that is constantly escalating due to technological advances. This is the “glamorous” side of the business that we see in TV shows and movies from time to time. Threats can come from hostile foreign states or cunning, tech-savvy criminal masterminds. In reality, threats are just as likely to emerge as a result of poorly secured networks leaving sensitive data accidentally exposed, or unwary or indiscreet employees working from home on non-secured devices.

A shift to a culture of home and remote working that began during the Covid-19 pandemic and has persisted in many organizations, as well as the widespread adoption of the internet of things (IoT) in every aspect of business and society, means there has never been a greater opportunity for lax security to cause headaches and expense. As a result, cybersecurity will be at the top of everyone’s agenda in 2023, so here’s a look at some of the key trends in 2023. 

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The top eight security threats to not miss out on in 2023! 

1. Malware

Malware is malicious software that is injected into networks and systems in order to disrupt computers, servers, workstations, and networks. Malware can steal sensitive information, disrupt services, and gain access to systems.

Security software and firewalls are used by IT departments to monitor and intercept malware before it enters networks and systems, but malware bad actors continue to evolve ways to circumvent these defenses. As a result, keeping security software and firewalls up to date is critical.

2. Cryptocurrency

Malware is a type of ransomware. It restricts system access or threatens to publish confidential information. Ransomware attackers demand that their victims pay them cash ransoms to unlock systems or return data.

So far in 2022, ransomware attacks on businesses are 33% higher than in 2021. Many businesses agree to pay ransoms to regain access to their systems, only to be targeted again by the same ransomware perpetrators.

Ransomware attacks are expensive. They have the potential to harm a company’s reputation. Many times, ransomware can enter a corporate network through an open channel with a vendor or supplier whose network security is lax. Companies can take one step to ensure the security of their supply chain by auditing the security measures used by their suppliers and vendors.

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3. Scamming

Almost everyone has received a suspicious email, or even worse, an email that appears to be legitimate and from a trusted source but is not. Phishing is the term used to describe this type of email deception.

Phishing is a significant threat to businesses because it is simple for unsuspecting employees to open bogus emails and spread viruses. Employee training on how to identify bogus emails, report them, and never open them can be extremely beneficial. IT should collaborate with HR to instill good email habits.

4. IoT

In 2020, 61% of businesses were using IoT, and this percentage is constantly increasing. As the Internet of Things expands, so do the security risks. IoT vendors are notorious for deploying devices with little to no security. IT can combat this threat by vetting IoT vendors for security during the RFP process and resetting IoT security defaults on devices to conform to corporate standards.

5. Internal workers

Employees who are dissatisfied with their jobs can sabotage networks or steal intellectual property and proprietary information, and employees who practice poor security habits can inadvertently share passwords and leave equipment unprotected. As a result, the number of companies using social engineering audits to assess how well employee security policies and procedures are working has increased. Social engineering audits will be used again in 2023 to assess the robustness of IT’s workforce security policies and practices.

6. Data tainted

According to an IBM 2022 study, 35% of businesses were using AI and 42% were exploring it. Artificial intelligence will create new opportunities for businesses in every industry. Unfortunately, the bad actors are aware of this as well.

Cases of data poisoning in AI systems have begun to emerge. Data poisoning occurs when a malicious actor finds a way to inject corrupted data into an AI system, skewing the results of an AI inquiry and potentially returning a false AI result to company decision-makers.

Data poisoning is a new method of infiltrating corporate systems. One way to avoid it is to constantly monitor your AI results. If you notice a system suddenly deviating significantly from what it has revealed in the past, it’s time to investigate the data’s integrity.

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7. Cutting-edge technology

Organizations are embracing new technology such as biometrics. These technologies provide tremendous benefits, but they also introduce new security risks due to IT’s lack of experience with them. Before signing a purchase agreement, IT can carefully vet each new technology and its vendors.

8. Multi-tiered security

How much security is enough security? Are you protected if you firewalled your network, installed security monitoring and interception software, secured your servers, issued multi-factor authentication to employees, and implemented data encryption but forgot to lock physical facilities containing servers or install the latest security updates on smartphones?

IT must batten down and monitor numerous layers of security. IT can improve security by developing a checklist for each security breach point in a workflow.

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