4 cybersecurity predictions for 2023

The world of cybersecurity is an ever-evolving landscape. As a result, businesses and individuals with websites must stay up to date with the latest trends and issues affecting the industry to ensure the platforms they maintain have the protection they need against cybercrime.

The start of a New Year brings a whole new host of cybersecurity trends and predictions. In this blog post, we take a closer look at the top four cybersecurity predictions for 2023 and how you can prepare with the help of cyber security consultants at Security Risk Management.

  1. Cyber attacks will become more sophisticated

Social engineering attacks were particularly prevalent during 2022, and use of this type of cyber attack is expected to continue into 2023 and beyond.

Social engineering targets the people behind a brand or business, and uses various techniques to manipulate these individuals into unwittingly sharing sensitive information, including logins, bank details and personal data. This information is then utilised to conduct other criminal activities such as identity theft and fraud.

Social engineering scams are no new thing. They have long been used to gain trust and access targeted information, and underpin a large number of cyberattacks, including phishing, whaling, baiting, diversion theft and business email compromise (BEC).

2023 is expected to bring a wider range of social engineering attacks to the forefront, with artificial intelligence (AI) set to be increasingly used by fraudsters to produce indistinguishable tactics that extract an individual’s or organisation’s most sensitive data.

  1. Ransomware should also be on your radar

Whilst the Cyber Security Breaches Survey 2022 recorded a fall in ransomware (from 17% to just 4% at last count), the use of ransomware is expected to increase into 2023. Instead of being opportunistic in nature, however, the ransomware attacks of 2023 are expected to be sophisticated, specific and highly targeted.

With this, every organisation (including charities) needs to be prepared. Obtaining the advice and support of a cyber security consultant will prove an essential step in the right direction for companies big and small. With the help of a cyber security specialist, you can work to secure your digital environment and infrastructure, plan ahead for a breach, and devise a system that supports maximum security and compliance.

Refining your policy or rules regarding ransomware payments is another must for ensuring consistency in the face of a ransomware attack.

  1. 5G will offer opportunities for businesses and fraudsters

The rise of the remote workforce since the Covid-19 pandemic has changed the way companies do business. With remote and hybrid work retaining popularity within the business community, the use of IoT devices and 5G technology is doing more than helping organisations expand their horizons in their respective marketplaces.

Attackers have been given a leg up with 5G technology, unsecure networks and IoT device usage paving the way for larger and more complex cyber-attacks.

  1. Cyber insurance policies will make a comeback

As cyber security breaches increase, the need for cyber insurance will grow. Billed as a vital safeguard against the financial damage associated with cybercrime, more and more cyber insurance policies are being accessed by individuals and organisations looking to protect themselves from the chilling aftermath of cyber-attack.