Digital infrastructure is an essential component of every business in the modern world. Whether it’s marketing, collaboration, or supply chain management, technology is utilized for various business operations for increased efficiency and effectiveness. But everything has its drawbacks, and business technology is no different.
Over the years, cyberattacks have become a major concern as cybercriminals continue to take advantage of the rising technological dependency of businesses. As a result, the need to protect digital assets is more crucial than ever. But the ever-changing and complex cybersecurity landscape is a major obstacle for businesses seeking to protect their assets.
That is why it’s essential to keep yourself up to date with emerging cybersecurity trends and events. With a better understanding of future trends, you will be able to prepare and protect your company against cyber threats. To help you with that, here are five cyber security predictions for 2023 and beyond.
Growth in demand
A single well-planned cyberattack can cause significant financial loss that many companies may have trouble recovering from. As a result, cybersecurity services are likely to receive a growth in demand in the coming years as more businesses continue to recognize their importance.
If you want your company to be effectively protected against cyber threats in the future, don’t wait for cybersecurity services to become out of your financial reach.
You need to provide effective training to employees through advanced courses, or you can pursue a master’s degree in cybersecurity to make a career out of it. Such training may seem expensive, but you can significantly reduce costs by opting for an online program. So, if you want to train your team or learn more about cybersecurity to keep your small business protected, for example, consider an online masters in cyber security.
Large and small-scale companies alike may invest in cybersecurity services in the coming years. However, if this prediction turns out to be true, it may drive cybersecurity expenses to an all-time high. So, while the demand for services will be high, they will also be harder to get due to financial constraints, especially for small companies.
Technological advancements are occurring at an exponential rate. However, companies are not the only ones taking advantage of it. Cybercriminals are focused on constantly evolving and refining their tactics through cutting-edge technology, which is now more accessible than ever. So, it’s safe to say that cyberattacks are set to use increasingly advanced and hard-to-counter technology in the coming years. In fact, we can already see this trend take shape.
In the past few years, ransomware attacks have become incredibly sophisticated. Cybercriminals now utilize ingenious exploits like remote desktop protocol vulnerabilities and social engineering techniques to inject ransomware into business systems.
Even for experienced employees, it’s often nearly impossible to tell the difference between real and fake malicious emails as part of social engineering scams. It’s not surprising that 75% of cyberattacks initiate with an email.
With advanced psychological manipulation techniques and AI-powered deep-fake technology, social engineering cyberattacks will become unstoppable unless effective security measures are in place. What’s more concerning is that cybercriminals are also gaining access to advanced hardware capable of more sophisticated attacks. A single graphics processing unit can carry out millions of password guesses in an incredibly short amount of time to gain unauthorized access.
Increase in large-scale attacks
Cyberattacks are expected to increase in scale and frequency in the coming years. In 2023, 800,000 cyberattacks are projected to occur every year.
Advanced technology is not only harder to counter, but it is also capable of widespread attacks at a faster rate. But that’s not the only reason behind large-scale attacks. Due to the significant use of technology through cloud services, IoT devices, and interconnected systems, cybercriminals now have a greater surface to attack. With every new technology integrated into the business infrastructure, cybercriminals gain a new opportunity.
Growth in cloud security
Considering the rise in large-scale and advanced cyberattacks, companies are more likely to employ advanced security measures as well. In particular, businesses are expected to focus more on cloud security in 2023 and the coming years. Cloud computing is a rapidly emerging technology in cybersecurity that is gaining traction due to its effectiveness in protecting digital assets. It allows companies to shift their digital infrastructure to a cloud server in a secure remote location.
In comparison to locally stored digital assets, cloud computing and cloud storage options tend to be safer as cloud servers use advanced cybersecurity technology. In addition, having data stored in a more organized manner in a cloud server reduces the risk of cyberattacks due to exploits and security gaps.
But most importantly, cloud security is expected to rise due to its affordability. Many services offer state-of-the-art cloud security for affordable monthly or yearly charges, which is great for small businesses. Additionally, using cloud security services also makes it easier to implement complicated cybersecurity measures.
Use of AI in cybersecurity
Artificially intelligent software is one of the key ways to defend companies against growing and threatening cyber threats. It’s not surprising that its use in cybersecurity is very likely to grow in the near future. In particular, AI security software will be significantly used in threat detection strategies. One of the main advantages of AI is that it can analyze vast amounts of data and understand trends that may not be visible to humans.
Thus, companies will utilize AI security software to help them identify cyberattacks in advance and take action as soon as possible to stop an attack. In addition to threat detection, AI will also help make cybersecurity much easier to implement by automating complex processes.
With new threats, technologies, and trends forming rapidly, the cybersecurity landscape will continue to evolve. To thrive as a modern business, it’s crucial to understand the challenges your company might face and know how to counter them. For this purpose, it’s best to keep cybersecurity predictions for 2023 in mind and prepare for a secure future.