Top 10 Cybersecurity Trends for 2023: From Zero Trust to Cyber Insurance
- matusevichselena3
- May 27, 2023
- 3 min read
1 — Application security
As businesses shifted online to stay afloat during the pandemic, the forecast for application security spending is projected to surpass $7.5 billion, according to Statista. 2 — Cloud security
Cloud security is the fastest-growing area in the IT security market, according to Statista, with a forecast growth of over 27% from 2022 to 2023. This is primarily due to the increased demand for cloud solutions following the COVID-19 outbreak. While more businesses are opting for cloud data storage due to its ease and speed, there is also an increasing requirement to safeguard cloud data during both transmission and storage to prevent illegal access. 3 — Mobile security
Our trips to the bank, stores, and outings with friends have all been supplanted by the cell phone. We can order any service or goods without leaving the sofa by using an app and a few taps. Every app saves personal information, search and order history, and location data. The amount of attacks in this area will rise in tandem with the market, and hostile actors will take advantage of basic chances in e-commerce, banking services, and online booking wherever possible.
4 — IoT
The supply of gadgets for "smart" houses is estimated to reach 1.8 billion by 2025 as a result of home automation using IoT. Smart devices, smart homes, and voice assistants have all become a part of our daily life. However, we must keep in mind that any of these devices can be hacked and taken over by a cybercriminal. For example, the proportion of people who hack car systems is increasing—safety airbags, climate control, and other vital functions are increasingly linked to the Internet. It is projected that as the number of automated vehicles on the road increases in 2023, so will the number of efforts to take them over or eavesdrop on conversations. 5 — Remote work and attacks on corporate networks
Companies' control over their employees' safe data use has weakened as a result of remote employment. Cybercriminals, as well as those engaged in phishing and social engineering, have exploited this flaw, compromising networks with increasingly complex attack tactics.
The major means of protecting this industry are secure authentication management and allowed access to firm data.
As previously stated, social engineering is still a factor to be considered and is changing. Attacks have become multi-channel over the years, with the same individual receiving phishing emails as well as being targeted via SMS and social media. 6 — Cyber insurance
As cyberattacks and the accompanying risk levels continue to rise, so do new connected sectors aimed at mitigating these risks, such as cyber insurance. Organizations use it to reduce hazards and financial damages from cyber attacks.
Demonstrating a company's correct level of protection is increasingly becoming required in order to acquire full insurance coverage. Small and medium-sized businesses may require assistance in completing the cyber insurance requirements that protect company data. 7 — Zero trust does not replace VPNs—yet
The idea is to "never trust, always verify." Users are regularly examined, appraised, and reauthenticated in a zero-trust environment utilizing different authentication mechanisms.
According to Gartner, Zero Trust Network Access (ZTNA) is the fastest-growing form of network security, with a 31% increase in 2023 and a complete replacement of VPNs by 2025. 8 — Artificial intelligence
Artificial intelligence (AI) has already proven to be effective in cyber defense. In 2023, it is predicted to become even more ubiquitous, notably in monitoring, resource and threat analysis, and fast reaction capabilities. 9 — Attack detection tools are no longer a luxury
Because safeguards are either not in place or are now unavailable, each assault has the potential to have serious repercussions. A successful data breach can cost millions of dollars, with the amount directly proportional to the sort of assault and its duration, as well as the loss of reputation, customer loyalty, and consumers themselves. There are no predictions or guarantees for any single firm or industry—any corporation that saves data on a network is vulnerable to assault.
The only method for enterprises to prevent or mitigate an attack is to detect anomalous activity throughout their whole ecosystem of people, applications, and infrastructure. As a result, suppliers will increasingly rely on AI and machine learning. 10 — Outsourcing cybersecurity
As cyberattacks get more sophisticated, many businesses require assistance to maintain a high degree of security on their own. As a result, the trend of protecting businesses with experienced service providers will thrive. Without a doubt, cyber insurance has increased the bar for the amount of protection, and service providers will now confront higher expectations.
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