As we step into 2023, the cyber threat landscape continues to evolve and become more sophisticated. Cybersecurity has become an essential aspect of our daily lives, and the threats that we face are becoming more diverse and complex. Let’s discuss some of the major cyber threats that we are likely to encounter in 2023.
2023 Cyber Threat Landscape
Human Error
Human error remains one of the most significant threats to cybersecurity in 2023. Despite the growing awareness of cybersecurity threats, employees and individuals continue to make mistakes that can lead to data breaches and cyber-attacks. According to a recent study, over 82% of data breaches are caused by human error, such as weak passwords, accidental disclosure of sensitive information, and falling prey to phishing attacks.
Credential Theft
Credential theft remains a significant cyber threat in 2023. Cybercriminals continue to use various methods to steal credentials, such as social engineering, phishing attacks, and malware. Once the credentials are stolen, cybercriminals can gain unauthorized access to sensitive information and carry out cyber-attacks, such as data theft and ransomware attacks.
Beware of access brokers – cybercriminals are industrializing and becoming more organized and professional by the day. As an aspiring cybercriminal, you have the choice to become an access broker. An access broker is someone that specializes in collecting and selling stolen credentials. They don’t have to get their hands dirty hacking anyone – they simply collect credentials through phishing or scouring leaked data, bundle up the valid credentials, and sell them on the dark web.
Supply Chain Attacks
Supply chain attacks have been making headlines in recent years, as cybercriminals find increasingly sophisticated ways to infiltrate organizations. Contrary to popular belief, these attacks are not limited to software and can affect any partner or vendor in the supply chain. For instance, attackers may target a supplier who provides a vital component to a larger company’s product. By compromising the supplier’s systems, attackers can gain access to their target company through a backdoor. To protect themselves against supply chain attacks, companies need to identify their vendors and assess their security posture regularly. This way, they can take action to minimize risk and mitigate the damage if an attack does occur.
Ransomware
Ransomware attacks are expected to continue to be a significant cyber threat in 2023. Ransomware is a type of malware that encrypts an organization’s data and demands a ransom payment in exchange for the decryption key. Ransomware attacks are becoming more sophisticated, and cybercriminals are using various methods to distribute the malware, such as phishing emails, social engineering, and supply chain attacks.
| Related – Ransomware in 2023
Ransomware-as-a-Service (RaaS)
Ransomware-as-a-Service (RaaS) is a relatively new cyber threat that is likely to become more prevalent in 2023. RaaS allows cybercriminals to rent ransomware software from other cybercriminals and carry out attacks without having to create the malware themselves. This lowers the barrier to entry for cybercriminals and makes it easier for them to carry out ransomware attacks.
The cybersecurity threat landscape in 2023 is expected to be more diverse. Organizations must take a proactive approach to cybersecurity and invest in robust security measures, and proactive effective cyber risk management. By staying vigilant and proactive, organizations can reduce the risk of cyber-attacks and protect their sensitive information.
2023 State of Cybersecurity | You Will Be Breached
Watch the full webinar 2023 State of Cybersecurity | You Will Be Breached to gain a full understanding of today’s cyber threat landscape, how to manage your risk, and 4 steps you must take to protect your business.