Cetas Blog Post

Cybersecurity Trends for 2023

December 1, 2022

Your company should make it a priority to work toward developing a culture of cybersecurity awareness and should encourage its employees to do so.  

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Introduction

Over the last few years, we've seen the topic of cybersecurity go from the IT department to the boardroom.

Due to the increased frequency of assaults and the possible consequences, both regulatory and in terms of consumer trust, this problem has become a concern at all levels of the company.

We often see cybersecurity as a mounting conflict between hackers, criminals, and security specialists, aggravated by the rapid growth of accessible technologies. 

It'sIt's the glamorous, exhilarating aspect of the industry that gets emphasized in some of the movies and television shows we watch. 

Threats may come from both anti-American countries and technologically sophisticated criminals. 

However, the most probable source of hazards is either inadequately protected networks that leave important data exposed unintentionally or uninformed or nosy people who use susceptible devices while working from home.

This may go in any direction.

Because of the widespread adoption of IoT across all sectors of business and society, as well as the rise of the remote work culture, which gained traction during the Covid-19 pandemic and has persisted in many organizations to this day, there have never been more opportunities for lax security to cause headaches and expense. 

This is especially significant given that the Covid-19 virus was the primary cause of the outbreak. As a result, in 2023, everyone should prioritize cybersecurity. 

Here are the most notable trends that are anticipated to emerge in the next 12 months:

No. 1: IoT Devices

To summarize, the more devices we link and network, the more opportunity our adversaries have to break in and steal our information. 

Furthermore, Gartner projects that by 2023, 43 billion IoT-connected devices will be in use worldwide. 

Wearable smart gadgets, home appliances, automobiles, building alarm systems, and industrial equipment are all instances of the Internet of Things. 

They have repeatedly shown to be a challenge for cybersecurity administrators. 

Manufacturers have only sometimes taken the trouble to safeguard them with regular patches and security upgrades since they are seldom used to contain vital information directly. This is because they are rarely used. 

Even if they do not store data, subsequent developments have demonstrated that attackers may often use them as gateways to access other networked devices that do. 

These additional forces have altered the situation's dynamics.

No. 2: Business Are More Cybersecurity Conscious

Since the outbreak's inception, many companies have made it a primary priority to protect the millions of devices used by workers throughout the globe for remote and at-home work. 

When we were all at work before the pandemic, it was simple for security managers, who were most often situated in the IT department, to do regular inspections and provide updates to business computers and cell phones.

However, things became even more difficult after the outbreak. As a result, ensuring that their computers were clear of spyware and malware and that they were running the most recent versions of anti-virus software and other measures was a snap. 

In 2023, employees who connect insecure devices to networks risk falling victim to phishing attacks. 

Con artists use phishing attacks to deceive users into providing sensitive and private information, such as login passwords. 

As the number of individuals working remotely grows, we are more likely to be assigned to teams in which we do not know each other well, making us more exposed to phishing assaults.

This has been the case as more people can work from home. 

Attackers may introduce software into networks that, if sensitive data is detected, delete it until a ransom is paid. 

This is referred to as "ransomware." This danger is heightened in remote work environments when gadgets are more likely to be left unattended.

No. 3: AI Adoption is on The Rise

The number of attempted cyberattacks is continually rising, making it more difficult for human cybersecurity specialists to respond to them and forecast where the next most severe assaults will occur. 

Artificial intelligence must be applied in this situation. 

Algorithms trained on machine data can filter through huge amounts of data streaming across networks in real-time far faster and more effectively than people, and they can learn to spot patterns that suggest danger. 

According to IBM, firms that utilize AI and automation to identify and react to data breaches save an average of $3 million per year compared to those that do not.

Those who would use it illegally, such as hackers and criminals, are becoming more adept as AI becomes more widely available. 

AI algorithms trawl through the internet's millions of machines and networks to find those with insufficient security or who may hold important information. 

As a consequence, these infrastructures might be the target of an attack. 

Furthermore, they may be used to produce a deluge of highly tailored phishing emails to dupe recipients into disclosing sensitive information. 

These emails get increasingly effective at avoiding automatic defenses designed to stop them as time passes. Artificial intelligence has been used to clone CEO voices to accept fraudulent transactions.

This is why people refer to the battle between cybersecurity organizations' use of AI as an "arms race."

That is why it is difficult for hackers and security managers to verify that sophisticated new algorithms operate for them rather than against them. 

The market for AI-powered cybersecurity solutions is anticipated to be worth more than $139 billion by 2030. 

In contrast, the market value is expected to rise by just 1% in 2021.

Cybersecurity Trends According to Netskope's Threat Labs

These forecasts from Netskope Threat Labs are part of an ongoing series of expert predictions, and they cover topics like the future of the:

  • Software supply chain
  • Phishing
  • Ransomware

  1. Phishing operations will increase in sophistication to bypass MFA.
"Phishing is a social engineering technique. You need to find someone with their guard down and convince them that you are legitimate, and they should either give you their password or otherwise authorize you to access their accounts. MFA has long been touted as a " solution" to the phishing problem, but it really does force attackers to change tactics. Between easy-to-deploy reverse proxy phishing tools and techniques for abusing OAuth workflows to sidestep MFA and gain direct access to cloud apps, we expect to see an increase in sophistication in targeted phishing attacks to bypass MFA." 
- Ray Canzanese, Director, Threat Research
  1. Software supply chain security will be a bigger focus for organizations. 
"There has been a significant increase in software supply chain attacks in recent years. As we discover more vulnerabilities in application source code, especially among open-source software, we expect this attack to continue growing. This calls to attention a need for organizations to strengthen their measures and strategies for software supply chain security."
 - Clive Fuentebella, Threat Research Engineer.

  1. Data exposure from insider threats will get worse before it gets better.
"The adaptations organizations have made to deal with a global pandemic, and now a remote workforce also requires security practices to evolve. With workers logging in from remote networks and using cloud-based services, proactively identifying insider threats is harder than ever. In 2023, we will see organizations realizing how little control they have over their data."
- Colin Estep, Principal Engineer.

  1. The threat of Ransomware-as-a-Service and extortion groups will continue to intensify.
"Attacks involving data encryption and theft of confidential information are rising. We believe a growing trend will intensify in 2023, where we have two extremes. On one side, we have the infamous Ransomware-a-Service, in which attackers focus on encryption and theft of sensitive data. On this side, we can observe groups being even more aggressive, like LockBit, which implemented the triple-extortion model. On the other side, we have extortion groups, like LAPSUS$ and RansomHouse, which breach companies only to exfiltrate sensitive data without encrypting any files. We believe 2023 will be filled with attacks sourced from RaaS groups and extortion groups, perhaps even intensifying an Extortion-as-a-Service model." 
- Gustavo Palazzolo, Staff Threat Research Engineer.

Conclusion

Your company should make it a priority to work toward developing a culture of cybersecurity awareness and should encourage its employees to do so. 

This is the single most critical action a company can take. It is no longer sufficient for employers or workers to see cybersecurity as a problem that is only the responsibility of the IT department to address in this day and age. 

Enhancing one's awareness of potential dangers and performing even the most fundamental security measures need to be essential duties included in the work descriptions of everyone in the year 2023.