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Cybersecurity Trends 2023: Watch for These Cyber Threats

Cybersecurity Trends 2023: Watch for These Cyber Threats

What are the recent trends in cyber security, risks, and strategy?
What will be the new trend in cyber security?
What are the latest trends in cybersecurity?
What are the key cyber-threat trends to keep an eye on?

2023 is here.

Knock back some sparkling water (shoutout to Dry January)  and dive in because the Cybermaniacs are here with a simple list of cybersecurity trends to look out for in 2023. Yes, we read the lists, so you didn’t have to.

As we saw in 2022, bad actors and cybersecurity risks remain prominent on the horizon. Read below to keep an eye out for the trends that experts expect to be rising in 2023. 

Trend 1: Spending Trends

Economic insecurity will certainly increase security risk in 2023. As economic pressure mounts, businesses will have to make tough decisions about where to allocate their resources. Cybersecurity experts encourage companies to remember that well-placed investments in solid security practices can pay off in the long run. The best way to prevent an attack on your company is through proactive planning by ensuring that your team is prepared for intensified efforts by bad actors motivated by economic pressure.

A recent study from Deloitte revealed that most survey respondents reported an increase in cybersecurity spending. “In terms of spending per employee, respondents spent about US$2,700 on average per full-time employee (FTE) on cybersecurity, increasing from about US$2,300 last year.”

Gartner also predicts that security spending will continue to grow, with the market spending $188.3 billion on information security and risk management products and services in 2023.

Gartner, a consulting firm, publishes surveys on information technology topics. In October 2022, they released results from a survey of 2,200 respondents—their annual CIO survey. Incredibly, 66% of respondents said they planned to increase their investment in cybersecurity.

Small businesses and enterprises must make serious decisions about their cybersecurity training in 2023. While choice can be overwhelming, the first step is free: always talk to your employees about the importance of good cybersecurity at work. Ensure your team members understand that vigilance and prevention can save more money than reacting to an unfortunate situation. If you’re unsure how to educate your employees, Cybermaniacs can help.

Trend 2: Tell Your Therapist that You’re Keeping Your Trust Issues

Identity remains a fuzzy concept for 2023. Companies are still trying to avoid being forced into multifactor authentication, but the trend reports suggest this will no longer be the case in the coming year. Multifactor authentication is affordable and relatively simple, even in the most tech-resistant teams. As some companies debate adopting zero trust network access or iron-clad security posture, tech pros are thankful that MFA is catching on.

MFA may be the first step in a long process to reduce the risk of cyber attacks. Executives are highly motivated to thwart attacks in their early stages by increasing identity verification in their company processes. 

CISOs may tattoo “Trust Nobody” on their foreheads to drive the message home. 

 

Trend 3: Keep Your Devices On You

Remote work has changed how we do things, allowing us to stay connected while providing flexibility and convenience. But with remote work comes potential new threats to our security. If a team member is someone you don't know well, it's easier for an impersonation scammer to fly under the radar. Even worse is the possibility of a remote ransomware attack where malicious software enters an unattended remote device or network, erasing crucial information until you cough up some cash. 

To combat these remote cybersecurity nightmares, always double-check remote colleagues' identities and keep your devices secure at all times. If you let your guard down, disaster may just be one click away. Sure, maybe that is a real troop of Girl Scouts who promised to watch your work device at the coffee shop while you run to the bathroom… or maybe it’s an elite team of hackers waiting for an easy mark.

Trend 4: Cryptocurrency Scams on the Rise

It's an unfortunate reality of a global recession: cryptocurrency scams are on the rise. They come in many forms, from online theft to investment schemes and promises of unrealistic profits guaranteed. As people scramble to make money during an economic downturn, the lure of these cryptocurrency scams is hard to ignore. More companies are turning to crypto-funded solutions for modern financing, which means that due diligence is more important than ever. 

The burden lies with cryptocurrency users to protect themselves from these malicious scammers. Staying informed about the current cryptocurrency landscape can help, but trust your gut. If it sounds too good to be true, it most definitely is.

(Unless you’re referring to our endless wit and fantastic customer service. Those rumors are true.)

How Can You Protect Your Company?

‘Oh, great,’ you think as you read over this blog. It’s another thing for you to worry about on top of a list of endless tasks for business leaders. The most important thing is to know what is happening in the world of security so a company can anticipate its needs for the coming year and work that into the budget. 

Here are some more helpful tips:

  • Hire us. The Cybermaniacs provide cutting-edge technology and humor to keep employees engaged.
  • Keep your software and hardware on your devices up to date. Doing this will ensure that your devices are running smoothly, as new software fixes and security patches help keep malicious threats out of range.
  • Always check links before you click them, be aware of suspicious emails, and when in doubt, never open them.
  • For extra protection, take advantage of anti-virus and anti-malware tools, use a VPN to privatize your connections, and ensure you’re using a secure file-sharing solution—all of which will help encrypt data.
  • And lastly (but certainly not least!), don’t be lazy with password creation; the stronger they are the better your device will be protected from cybercriminals.

Sources:

Dice: Cybersecurity Trends for 2023 to watch out for

Tech Republic: Top Cybersecurity Threats

BusinessWire: Venafi Releases Top 10 Cybersecurity Trends for 2023 | Business Wire

Forbes: The Top Five Cybersecurity Trends In 2023

Gartner: Gartner Survey of Over 2,000 CIOs Reveals the Need to Accelerate Time to Value from Digital Investments

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