6 Cybersecurity Trends in 2023

Almost every organisation uses digital technology. However, reliance on computerised systems to manage business operations may leave companies vulnerable to cyberattacks. The increase in remote working and cloud storage makes it even more important to be aware of – and proactive about – cybersecurity.

“Cybersecurity threats have increased significantly in recent years,” says Eric Hughes, Founder of EMH Technology. “It’s important for organisations to appreciate the nature of potential cyberattacks and be equipped to deal with data breaches, maintaining business continuity.”

As the volume and style of cyberattacks emerge, this year is likely to see the following cybersecurity trends:

1. More privacy protection

In 2023, “65% of the world’s population will have personal data covered under modern privacy regulations, up from 10% in 2020” (Global researcher, Gartner). Increasingly, online users are concerned about their privacy and the protection of their personal data. This is especially important as social engineering is an increasingly common form of cyberattack. This involves taking a social approach (via a fake internal email, for example) to obtaining critical information.

2. Greater outsourcing

The fast moving and complex nature of cybersecurity will increase the number of organisations preferring to outsource this vital task, following the pattern seen with managed IT services.

3. Cyber insurance requirements

It is becoming increasingly difficult for companies to find affordable cyber insurance, or to access cover. Conducting risk assessments highlighting the level of cybersecurity activities proactively informs cyber insurance decisions around insurance gaps, limits and coverage.

4. Increase in zero-trust environments

Zero Trust is a security framework requiring all users, whether in or outside the organisation’s network, to be continuously validated, reassessed and reauthorised using multiple authentication methods. This is intended to protect access to the company’s applications and data. As well as offering increased security, zero-trust environments offer scalability beyond the capability of virtual private networks (VPN). This is important given the ongoing trend for remote working.

5. Cloud-based detection and response

The increased use of cloud-based technology has made it a popular target for cyberattacks. Proactive monitoring and updating of cloud technologies offer the potential to keep data secure. Cloud applications such as Google and Microsoft are constantly updated to optimise security. The ‘user end’ needs to follow suit.

6. Supply chain risk management

It is predicted that by 2025, 45% of organizations worldwide will have experienced attacks on their software supply chains, a three-fold increase from 2021 (Gartner). Security teams must liaise with other departments to minimise the level of supply chain risk. “We have a proactive stance when working with other organisations,” explains Eric. “This includes a due diligence questionnaire, protecting our systems and those of our clients. This is a straightforward step that any organization can implement.”

Are you aware of the greatest cyber security threats facing your organization?

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