As we move ever closer to the year 2023, it’s important to start thinking about the potential cybersecurity threats that could be looming on the horizon.

In 2020, Cybersecurity Ventures expected global cybercrime costs to grow by 15 percent per year over the following five years, reaching $10.5 trillion annually by 2025, up from $3 trillion in 2015.

While it’s impossible to know exactly what sorts of threats we’ll be faced with in the future, there are some potential trends that we can watch for.

Here are some of the biggest cybersecurity threats to watch out for in 2023:

  • Ransomware – Ransomware is a type of malware that encrypts a victim’s files and demands a ransom be paid in order to decrypt them. This type of attack has been on the rise in recent years, and there’s no reason to believe that it won’t continue to be a major threat in 2023.
  • It’s imperative that you have a robust backup solution in place so you can recover your data in the event that it’s encrypted. And you should always be very cautious about opening email attachments or clicking on links in emails, as these are common methods used to deliver ransomware.
  • Phishing – Phishing is a type of attack in which criminals send fraudulent emails or messages in an attempt to trick victims into revealing sensitive information or clicking on malicious links. These fraudulent emails and messages may direct recipients to visit a spoofed/fake website that may be designed to steal personal information like usernames and passwords, or infect the victim’s computer with malware.
  • 91% of targeted cyberattacks initiate with a spear phishing email.
  • Cloud Security – As more and more businesses move to the cloud, cloud security will become an increasingly important concern. The cloud provides access to files anytime, anywhere, and on any device. However, with this convenience comes an increased risk of security threats. Businesses should continue to educate themselves on the latest cloud security threats and adopt best practices to protect their data.
  • Internet of Things Vulnerabilities – The Internet of Things (IoT) refers to the growing network of devices, sensors, and other objects that are connected to the internet. The IoT is becoming increasingly commonplace, and as it does, it presents new security challenges. These devices gather data about their surroundings and often send this data to the cloud, where it can be accessed by third parties. As a result, data security is a major concern for IoT devices.
  • 2020 saw a 30% rise in IoT malware (for a total of 32.4 million)
  • AI and Machine Learning – Artificial intelligence (AI) and machine learning are being used increasingly in cybersecurity, both for defensive and offensive purposes. As these technologies grow so do the threat landscape and the types of attacks that are possible.
  • For example, machine learning is being used more frequently in phishing and social engineering attacks, making it more difficult for humans to discern a fake message or site from a real one.
  • Insider threat. – As organizations increasingly adopt remote work models in response to the COVID-19 pandemic, the insider threat becomes an even greater concern. With more employees working outside the office, it becomes more difficult to monitor and control access to sensitive data.
  • Additionally, the transition to remote work can be stressful and disruptive, which can increase the likelihood of employees making mistakes or engaging in malicious activity.
  • Targeting of mobile devices. – Mobile devices are becoming increasingly popular targets for attackers. These devices often offer less security than laptops or desktop computers as they are more likely to be lost or stolen. As a result, mobile devices present a major security risk.
  • Businesses should educate employees on the importance of mobile device security and adopt policies and practices to secure these devices in their BYOD programs.

As we can see, there are a lot of potential cybersecurity threats to watch out for in 2023. However, it’s important to remember that the vast majority of these threats can be mitigated with proper security measures.

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No matter what types of threats we see in the coming year, one thing is for sure: cybersecurity will continue to be a top concern for businesses and individuals alike.

By staying aware of the latest threats and trends and by implementing the latest security solutions, we can help ensure that 2023 is a safe and secure year for everyone.

We’re here and ready to talk cloud security with you! Reach out at 520-355-7553 or through our website.