By Iliya Garakh, CTO in Security — Feb 6, 2023

The most serious cybersecurity threats and solutions in 2023

We have made enormous leaps forward in terms of technology over the past decade. However, the growth of cyberspace brings with it new challenges for cybersecurity; cybercriminals have adapted their techniques to the new environment. Nevertheless, there is a solution to every challenge.

In light of this, let's take a look at some of the most serious cybersecurity threats and the solutions that have been offered for them in 2023.

The biggest threats to cybersecurity today and how to combat them

Adaptation to a remote workforce

Employees encounter one of the most common security threats when working from home. Employees may mistakenly let hackers access their computers or corporate files due to inattention, weariness, or ignorance. However, protecting remote and hybrid working environments will remain the most difficult tasks in the world of cyber security.

Cloud-based cybersecurity solutions that safeguard the user's identity, devices, and the cloud are essential for secure remote working.

Blockchain and cryptocurrency attacks

Attacks on blockchain-based systems can be launched by both outsiders and insiders. Many of these assaults use well-known tactics such as phishing, social engineering, data-in-transit attacks, and those that focus on coding faults.

To defend organizations against cyberattacks, stronger technological infrastructure may be constructed using blockchain-powered cybersecurity controls and standards. Combining the blockchain with other cutting-edge technologies like AI, IoT, and machine learning may also be required.

Ransomware development

Ransomware is a type of virus that encrypts files on a victim's computer until a ransom is paid. Historically, organizations could keep their data fairly safe by using a standard backup procedure. The organization may be able to restore the data held hostage without paying the ransom, but this does not guarantee that the bad guys will not try to take over the data.

As a result, users must prioritize frequently backing up their devices, employing cutting-edge anti-malware and anti-phishing solutions, and keeping them up to date at all times

BYOD policies

Personal devices are more likely to be used to breach company networks, whether or not BYOD is permitted by IT, because they are less secure and more likely to contain security weaknesses than corporate devices. As a result, businesses of all sizes must understand and address BYOD security.

Among the management options are BYOD services, and the process begins with enrollment software that adds a device to the network. Company-owned devices can be configured individually or in bulk.

The dangers involved with serverless apps

For some developers, the event-driven nature of serverless computing and the lack of permanent states are drawbacks. Developers that need persistent data may encounter problems since the values of local variables may not survive between instantiations.

Enlisting the support of your company's cybersecurity expertise may be the best line of action for those who use serverless architectures.

Supply chain attacks are increasing

An attack on the supply chain happens when someone breaches your digital infrastructure by leveraging an external supplier or partner who has access to your data and systems. This type of attack is known as a supply chain assault.

Upkeep and maintenance of a highly secure build infrastructure, fast software security upgrades, and the creation of safe software updates as part of the software development life cycle are all essential.

Cybercriminals use social engineering to get critical information from their targets by influencing their psychology. It causes users to make security mistakes and steal sensitive information such as banking passwords, login information, system access, and other similar information.

To avoid cyberattacks, organizations should employ a technology-and-training-based strategy. There is no one-size-fits-all solution to defeating these social engineers; instead, you must adopt an integrated approach that includes multi-factor authentication, email gateways, respected antivirus software, staff training, and other components to thwart such social engineering assaults.

Cyber security challenges in different industries

Cybersecurity issues are common anywhere cyberspace is used. Some significant industries that face specific cybersecurity challenges in business are listed below.

Vehicular communications

As Vehicle-to-Everything (V2X) communication technologies evolve and current cars are able to interface with external infrastructure, the necessity of securing communications becomes increasingly apparent. There is a very real possibility that the vehicles of today may be the targets of cyberattacks that are directed at vehicular communications.

Cybersecurity challenges in the healthcare industry

Cybercriminals continue to develop new methods to attack healthcare cybersecurity policies, whether it be high-value patient data or a low tolerance for downtime that might interfere with patient care. Both of these vulnerabilities present opportunities for cybercriminals. Hackers now have access to a market worth $13.2 billion thanks to the 55% rise in cyberattacks on healthcare providers that have occurred over the past several years. This has turned the healthcare industry into a veritable gold mine.

Banking

Threats are constantly evolving and the cybersecurity landscape is constantly changing. With huge sums of money and the potential for significant economic shocks at stake in the banking and financial business, the stakes are high in this area. A significant hacking assault on banks and other financial institutions might result in severe economic consequences.

Online retailing

Retailers present a favorable and low-risk target environment for those who commit cybercrime. These businesses are responsible for the processing, storage, and protection of the data and sensitive information of their customers. This information may include financial credentials, usernames, and passwords. These details are susceptible to being attacked because of the ease with which they might be utilized in both online and offline operations.

Conclusion

Recent years have demonstrated how the key cyber security issues and threat actors are adapting their techniques to a changing global environment. The greatest strategy to safeguard your organization and plan for cybersecurity in 2023 is to be proactive. A single data breach can cost millions of dollars in lost data, penalties, and regulatory action. Understanding the hazards that are on the horizon will allow you to account for them in your procedures and stay one step ahead of attackers.