Watch Out For These Top Cybersecurity Trends in 2023

Cybersecurity threats are constantly evolving and increasing.?

Comparing Q2 2022 to Q2 2021, cyberattacks increased to 32%.?

New risks are developing every day, and existing threats are evolving.

It is difficult to protect your business in this setting.?

Something throws the balance off just as you begin to feel like you have it under control.?

It should come as no surprise that the cybersecurity industry will expand at a 13.4% CAGR to reach $376.32 billion in 2029.

What does the threat environment foretell for the upcoming year??

What developments in cybersecurity might we expect in 2023?

Keep reading to find out about these top 6 cybersecurity trends to watch out for in 2023 and how you can avoid a cyberattack or breach of security that could cost you millions (or billions).

Top Cybersecurity Trends in 2023

The cybersecurity industry is changing at a rapid pace.?

New threats are emerging daily, and new technologies are being invented to address these threats.?

Cybersecurity teams must be flexible and adaptable to stay ahead of the curve, since what worked yesterday may not work today.

Cybersecurity professionals will have their work cut out for them in the coming years as more and more businesses and consumers continue adopting new technologies that create new vulnerabilities.

Let's examine these trends in more detail.

Artificial Intelligence’s Growing Potential

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The importance of machine learning (ML) in cybersecurity is quickly developing and becoming more predictive in nature.?

Cybersecurity is gradually becoming more effective and less expensive due to machine learning and computer-assisted security solutions.

ML creates patterns and manipulates them with algorithms based on a large dataset.?

As a result, it can predict and respond to current assaults in real-time.

AI has played a critical role in developing automated security systems, natural language processing, facial identification, and autonomous threat detection.?

In reality, it is also being utilized to create clever malware and assaults that circumvent the most recent data security mechanisms.?

AI-powered threat detection systems can forecast new assaults and promptly inform administrators of data breaches.

Undoubtedly, we are only beginning to see the true potential of AI and how it will change cybersecurity.?

It is one of the trends that I’m thrilled to see flourish in 2023.

Geo-targeted Phishing Threats

The Internet Crime Complaint Center (IC3) has found that phishing attacks continue to rise rapidly, with more than half of the complaints coming from victims who were phished for money.?

The report also found that nearly 30% of reported incidents involved geo-targeted phishing threats, where the attacker knows they are targeting someone in a specific country or region.?

Phishing trends continue to evolve as we see new methods being used, and this is something we will continue to watch out for in 2023.

Mobile device risks

Research shows that an average of 6 out of 10 children are exposed to cyber threats through their mobile devices.??

With mobile device usage exploding, hackers are finding it more and more lucrative to target these devices.?

A report by CheckPoint shows that mobile banking malware attacks have increased by over 50% in the past 3 years.

So, though mobile manufacturers like Apple prioritize safety in their devices, hackers also have sophisticated tools to bypass these inbuilt defenses.

Due to the present era of accelerating digital transformation, hackers’ attack methods are becoming more inventive.???

Here are easy measures you can adopt to reduce security risks:

• Keep your mobile devices up-to-date with security patches - this will minimize the chances of a successful hack.?
• Be careful when connecting your mobile device to public Wi-Fi networks - this can be an easy way for hackers to gain access and steal valuable information from the device, including login credentials.

Making sure mobile devices are protected no longer lies solely on manufacturers but also on individuals and companies, and this trend will continue in the coming years.

IoT Vulnerabilities?

The number of IoT devices and the market itself is growing rapidly. But the more connected these devices are, the more vulnerable they become.?

According to research, about 64 billion IoT devices will be installed across the globe by 2026.

Simply put, the number of potential entry points into your digital infrastructure increases, and hackers will have a field day in your network.

And because these devices are not built to combat cyberattacks, accelerated digital transformation has become one of the top cybersecurity trends to watch out for in 2023.

Security teams must develop systems capable of detecting attacks that come through IoT devices and use network monitoring systems to detect abnormal traffic patterns.

Proactive Cyber Security Practices Like Pen-Testing

Another trend to watch out for is adopting proactive cybersecurity practices like penetration testing (pen-testing).?

Pen-testing is simply simulating an attack on your network to discover any cybersecurity vulnerabilities you may have.?

It’s a proactive cybersecurity practice that can help identify and address risks, like a breach or cyber attack, before they become more serious.

Because no matter how much defense you amass, prevention is always a better strategy.?

Many companies have, as such, set up teams to prevent cyber events and other attacks.

However, some of these measures are not easily implemented, especially for small businesses.

As such, the cybersecurity industry is witnessing the most growth in this sector as new companies are emerging that provide affordable cybersecurity services for entrepreneurs.

Proactive cyber defense measures will continue expanding as a sector in cybersecurity even after 2023.

Remote Workers and Distributed Teams

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While preventing cybersecurity breaches is impossible, organizations can take precautions to mitigate their impact.?

Remote work is here to stay.?

This is a great development on one part. But it also provides multiple means for malicious actors to infiltrate your network.

Because your staff work from home, they can log in with personal devices, which might not be as protected as a company-issued one.

Also, these devices can easily be accessed by hackers who can use their computers as a conduit to your organization’s IT infrastructure.

And because virtual teams will not cease existing, hackers’ arsenal remains fully stocked, just waiting for the right opportunity to attack your company.

Keeping track of these developments will make managing your remote employees and protecting your company data easier.?

Keep Up to Date With Cyber Threats Landscape

I’ve come to the end of this piece, but I must mention that the above are not all the trends that will shape the cybersecurity industry in the following years.?

Don't be surprised if you find yourself constantly reevaluating your security strategy due to a constantly changing cyber threat landscape. In fact, if you aren't, something might be wrong.

Continuously educating your team and yourself about the most recent risks is the greatest approach to stay one step ahead of the curve.

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