In a world where cybercriminals often outpace online security measures, businesses must constantly adapt their cyber security to stay protected against an ever-evolving threat.
Between 2021 and 2022, cyber attacks increased by 125% — and this upward trend of cyber security threats is likely to continue in 2023. It’s more crucial than ever that business leaders prioritise their cyber security measures to keep their company safe in the year ahead.
The Biggest Cyber Security Threats In 2023
For years, ransomware has been recognised as one of the biggest cyber security threats to businesses. Criminals can lock you out of crucial company files and demand a ransom payment to release them, leaving many victims financially crippled.
2023 will see these highly scalable attacks continue, with “ransomware as a service” organisations popping up to allow even more criminal groups to access the software and malware needed to target businesses.
New technology also threatens cyber security, with the metaverse introducing a whole host of vulnerabilities that could be exploited. As a person’s avatar is linked to personal information, cyber criminals could use this to access digital wallets, crypto exchanges and NFTs.
Web3 continues to gain popularity in 2023, and experts warn that businesses must be vigilant against deepfake technology scams. To protect their cyber security, companies must develop a process to verify the identity of online meeting participants and be proactive in securing all online interactions between employees and customers.
What Your Cyber Security Team Should Prioritise In 2023
As businesses continue to evolve in a digitally-dominant landscape, there are a few things that cyber security teams should focus on in 2023.
Migrating to cloud technology is a fantastic solution for streamlining business processes and reducing costs, but with the continued rise in popularity, cloud security must be on top of your company’s cyber security agenda.
Now is also the time for business leaders to take a more proactive approach against cyber security threats. Directors and board-level officers should take responsibility for their cyber security risk governance and ensure their company is protected against online security threats.
Data security will be another priority for businesses in 2023. Web domains are one of the most valuable assets for an organisation, usually containing all of a company’s essential information — ensuring this is stored as securely as possible has never been more critical. Data storage infrastructures should be audited to identify cyber security risks, and any client data should have appropriate protection against attacks or cyber security threats.
Improving Your Cyber Security
While the cybercrime trends look worrying, there are plenty of ways that businesses can protect themselves from cyber security threats. One of the easiest ways to boost your cyber security defences is to keep your team equipped with the most up-to-date skills and knowledge.
With a comprehensive training programme that keeps your team updated on the latest developments in endpoint security, identity management and data protection, your organisation can anticipate and protect against emerging cyber security threats.
2023 will present new cyber security threats for businesses, but maintaining a proactive approach across the whole organisation, prioritising training and constantly re-evaluating your cyber security defences will help you to protect your organisation this year and beyond.
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