What’s in store for cybersecurity in 2023

What’s in store for cybersecurity in 2023

Cybersecurity in 2023 | With the risk of digital assaults rapidly on the increase the need to secure your business-critical data and applications has never been more important. And, if 2022 is anything to go by, it doesn’t matter which sector your business is in, as data breaches and hacks affected everything from finance to retail to healthcare.

However, despite the increase of digital attacks, those responsible for a business’s cybersecurity are suffering many of the same problems as the rest of the business – cutting costs to mitigate the increase in interest rates, the rise in the cost of energy and the looming threat of a recession.

So what is in store for cybersecurity in 2023 and how can IT managers keep security at the top of their company’s agenda, whilst supporting business growth by ensuring the network stays up and running 24/7?

Say goodbye to pins and passwords

Traditional authentication methods – such as user name, PINs and passwords – are outdated and no longer fit for purpose. Multi-factor authentication is critical in the fight against cyber-criminals especially when operated via a mobile device which allows for the use of biometric sensors and many other contexts that would help to establish whether the authentication is legitimate or not.

Banks are already turning to technologies such as biometrics to give their customers much more robust protection. Biometrics solutions eliminate authentication effort for their customers whilst making the fraudsters lives very difficult. In 2023, we’ll see a further rollout of passwordless solutions as a means of protecting and accessing secure environments in the corporate world.

Cloud environments need protection

As a result of the pandemic many businesses rushed to deploy cloud environments, creating more entry points for cyber criminals and exposing some businesses in new ways. Without the proper identity and access management protocols in place, these companies are leaving themselves exposed to security breaches.

The only way to limit exposure is to deploy a robust security solution, where users only have access to what they need. So, we are likely to see more businesses having to invest in ensuring their cloud environments are fully protected in 2023.

Increase in data theft

Due to the widespread adoption of cloud services, cyber criminals have shifted tactics from attacking unpatched systems to attacking cloud environments by executing account takeovers and exploiting cloud misconfigurations.

The criminals are either purchasing credentials on the dark web or mounting social engineering campaigns to gain access to these cloud systems. As a result, security measures that rely on breach detection through the presence of malicious code will be less effective. Whereas, breach detection that relies on user and entity behaviour analytics will be more successful.

The burning issue for 2023 is data protection. IT teams will need to worry less about cybercriminals installing malicious code on systems and more about the potential theft of data. The two areas they need to focus on should be on better continuous user authentication and data protection. Since attackers are primarily focused on data, IT teams need to be able to understand when data is being attacked, stolen, or misused.

Ransomware payments could be made illegal

Ransomware and cyber extortion will remain among the top cyber threats in 2023. Governments will continue to strongly advise organisations against paying ransoms to prevent the financing of criminal organisations. And, as ransomware continues to rise, governments around the world may go a step further and introduce legislation to prohibit ransomware payments.

It is therefore essential that businesses put a robust defensive strategy in place to prevent their data being stolen and ensure they don’t face potential legal action.

About Xcomm

Xcomm offers a broad range of secure remote access solutions, market-leading data protection products and related professional data security services – all designed to help you safeguard business processes and stay compliant with regulations and best practice.

From IPSec VPNs, firewalling and data encryption to multi-factor authentication, email security and protection from spam, spyware, trojans and viruses, Xcomm has the solution.

Optimise your business communications cybersecurity in 2023 by contacting the Xcomm sales team.

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