Cybersecurity has evolved into a necessity at every institutional level as cyberattacks have risen in number and the possible penalties (either regulatory or in terms of the loss of consumer loyalty) have risen.
Never before has there been a better chance for weak security to result in hassles and costs unlike the Covid-19 pandemic-related transition to a culture of working remotely. This has recurred in so many organizations as well as the internet of things spreading into every sector of business and society. Because of this, everyone’s primary priority in 2023 will be cybersecurity. This brings us to what you should look out for in terms of Cybersecurity in 2023.
Cybersecurity is increasingly reliant on artificial intelligence (AI)
It has become harder for human cybersecurity specialists to respond to all of the targeted cyberattacks as they have multiplied quickly and to forecast where the most harmful attacks will occur next. AI is useful in this situation. More efficiently than humans ever can, machine learning algorithms can study the enormous quantity of data flowing over networks in real time and train to spot patterns that point to a threat. The average savings for businesses that utilize AI and automation to identify and address data breaches is $3 million, according to IBM.
Unfortunately, hackers and criminals are also becoming more adept at using AI as a result of its expanding availability.
Security professionals and hackers compete to make sure the most advanced algorithms are working for them rather than against them. According to estimates, the industry for AI cybersecurity solutions will be worth nearly $139 billion by 2030, more than ten times what it was in 2021.
Corporations will make cybersecurity for remote workers a top priority
Securing the millions of gadgets used for remote working around the world since the pandemic’s beginning has recently become a cybersecurity concern for many businesses. It was easy enough for security personnel, most likely stationed in IT departments, to routinely examine and update business laptops and smartphones before the outbreak, as we were all office-based. This made checking for spyware and viruses, running the most recent versions of antivirus software, and taking other precautionary actions quite simple. A new set of difficulties surfaced in 2023 when employees are more inclined than ever to connect remotely to corporate networks using personal devices.
Employees risk unknowingly succumbing to phishing attempts, in which attackers mislead users into disclosing passwords, by accessing networks with unsecured devices. We might find ourselves operating in teams wherein we do not even know each other as well and run the possibility of falling for impersonation frauds as more people choose to work remotely. It also makes ransomware assaults possible, where malicious software is inserted into networks and threatens to delete important data unless victims pay the perpetrators a ransom. Since it’s more possible that gadgets would be left unattended when working remotely, the risk of this likewise rises.
Cloud security and the Internet of Things
The more gadgets we network and connect together, the more potential entry points there are for hackers to access our data. And according to Gartner experts, there will be 43 billion IoT devices worldwide in 2023.
IoT devices have frequently shown to be a headache for those in charge of cybersecurity, including smart wearables, home appliances, autos, building alarm systems, and industrial gear. This is because manufacturers haven’t traditionally been focused on making them secure with regular security updates and patches because they are frequently not used to directly hold sensitive data. That has changed in recent years because it has been demonstrated that hackers can still access data even if they don’t store it themselves.
Fostering a culture of security awareness
Ensuring that your organization is working to start and foster a culture of understanding around cybersecurity issues is probably the most crucial thing you can do. Employers and employees can no longer only assume that the IT department should handle cybersecurity-related issues. In fact, everyone’s work description in 2023 should include a vital component on how to become aware of the dangers and how to take simple safety measures.
Launchpad is dedicated to assisting companies in locating cybersecurity partners in order to assure their security and risk reduction. To review, evaluate, and decide on your security solutions, we provide a leading platform and a collaborative approach to cybersecurity.
Contact The Launchpad if you have any further inquiries concerning cyber security. We can discuss how you can develop your cybersecurity program going forward.
