MONKPHISH’s Cyber Security Trend Predictions for 2023

MONKPHISH’s Cyber Security Trend Predictions for 2023

by Adam
January 5, 2023

In recent years, the frequency of cybercrimes has increased to frightening levels. Businesses must exercise extra caution in carrying out their daily activities in light of the rise in cybercrimes. Business organisations should be on the lookout for common cybercrimes including ransomware attacks, business email fraud, and phishing schemes.The only way to prevent these problems is to keep up with the most recent developments in cyber security trends.

Here are the eight main cyber security trends for 2023!

AI-powered Cybersecurity trend

Businesses employ artificial intelligence to prevent cybercrime by spotting unusual patterns of behaviour. It implies that AI aids businesses in analysing cybercriminals’ behavioural patterns. Rich data is necessary for machine learning to create effective algorithms. Cybercriminals are however aware of these benefits of AI. It is anticipated that as machine learning technologies are used, new cyber risks may surface.

Zero Trust Cybersecurity trend

There is plenty that Zero Trust can provide. The issue is that Zero Trust does not offer a quick fix for cybersecurity. If Zero Trust is viewed in this way, the system is exposed to many distinct perspectives. It becomes exposed if a person opens it and leaves it wide open. If Zero Trust were applied to the farthest extent possible, the organisation would not disclose any information. Within the organisation, there wouldn’t be any contribution. Since there is no human capital in a Zero Trust model, the organisation’s core is nonexistent. 

The IoT Proactivity trend

The rapidly expanding Internet of Things is made up of several linked gadgets that share data. It implies that cybercriminals will be seeking ways to gain access to digital systems like home networks or smart TVs that are connected to the internet at home (phones). Data security is weakened by centralising data storage or sharing data among multiple devices. Phishing attacks using multi-factor authentication will occur here. 

Mobile-Focused trend

Social media scams will continue to put people and their loved ones in danger. As markets grow, more individuals will rely on online buying and trust indications of who and how many connections a certain account has, allowing for the collection of more and more personal data and the occurrence of social media frauds. Deep phishing attacks can also happen there.

The Ransomware Threat

Due to pandemics, increasing internet activity, and widespread use of digital devices and the digital environment in 2021, ransomware assaults rose dramatically. Ransomware involves infecting devices with a virus and threatening to destroy important data unless a user pays a ransom. This practice is predicted to increase.

Ransomware frequently begins with a phishing campaign. Recently, it has impacted large firms or brands who keep Big Data about their customers as well as public sector organisations that store sensitive information. Additionally, ransomware targets crucial infrastructures like hospitals, medical labs, water treatment plants, and energy resource institutions. Therefore, until there is an embedded cybersecurity culture, social engineering assaults will keep rising.

Hybrid work Cybersecurity trend

First of all, there is the vulnerability of private networks and devices. Second of all, it is the distracted household environment. 73% of employees admitted that they could be impacted by a cybersecurity incident, and 50% said that they had experienced a breach in the past. Finally, there is low cyber awareness among employees. Employers and employees should both practise responsible cyber security practices to enable secure hybrid work environments.

Supply Chain attacks

SolarWinds is a recent example of a supply chain attack. The company was compromised by the Sunburst malware, which impacted 18,000 public and private organisations. Such attacks are potentially profitable for criminals. In 2023, attacks on this sector will continue and likely expand.

Cybersecurity Culture

Even more crucial than technology fixes might be the development of a cyber security culture. A proactive dialogue between cyber security executives and teams aids in the identification of cyber security threats and the isolation of potential cyber security crises. Cyber security culture enables employees to exchange knowledge and develop new skills by learning from personal experiences. Organisations want their workers to understand that they are the guardians of their online security.

We hope this post has given you some insight into some of the key concepts around cyber security and the solutions available to protect your data.

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