14 Dec 2023 Cyber Security trends and key takeaways
A year in retrospect: A recap of cyber security trends and key takeaways from 2023.
As we near the end of 2023, it is the perfect time to analyse and reflect on the significant cybersecurity trends and takeaways from the past twelve months. The digital landscape has rapidly changed and evolved resulting in new threats and driving organisations around the globe to adapt and strengthen their cybersecurity defences.
Following are the key insights that will help us plan the upcoming year.
Sharp increase in Ransomware Attacks
A top trend of 2023 was the rise of ransomware attacks. A huge surge of sophisticated ransomware attacks was experienced with government agencies, SMEs and large corporations falling victim to criminal hacker groups. A robust incident response plan needs to be in place and prevention should start with educating the workforce.
Advancements of AI and ML in Cyber security
Artificial intelligence and machine learning advancements have been utilised in cyber security products to identify patterns and anomalies, detect cyber threats in real-time and to automate in-part or in-full incident response. It is crucial to stay ahead of cyber criminals – invest in cutting edge tools to protect your digital assets (and data) in an ever evolving threat landscape.
The prevalence of Phishing Attacks
Cyber criminal organisations continued, during 2023, to use increasingly convincing and sophisticated tactics to deceit individuals to click on links, download malware and to divulge sensitive information such as credentials and credit card numbers. It is of utmost importance to first and foremost stay vigilant at all times (24×7), train employees, invest in phishing simulation programmes and run best of breed anti-phishing solutions.
Zero Trust Security as a must-have
During the year the Zero Trust security model gained traction and is being implemented by the vast majority of organisations, evenmore in regulated markets. The conceptual idea is to trust no one inside or outside the organisation. Very strict access controls are implemented and conscientious authentication is placed as a top priority. It is always suggested to place Zero Trust at the centre of your organisation’s cyber security strategy.
More stringent compliance and GDPR regulatory frameworks
Rules in the compliance and data protection space have become more stringent worldwide. Fines are becoming more substantial for organisations found in breach or which have non-conformities. Understanding the regulatory framework and its evolution is crucial to implement and maintain a strong data security culture organisation-wide.
Attackers favourite targets
Supply chain and internet of things (IoT) attacks were favourites with attackers during 2023. The increase of IoT devices brought about new security challenges. It is vital to keep such devices up-to-date with security patches and segmented from critical systems inside the organisation. In case of supply chain attacks, hackers penetrate a target organisation’s network by exploiting vulnerabilities at a trusted vendor or partner level. Strict access control, regular vulnerability assessments and pen tests help safeguard your systems, people and data.
The overarching key take-away from this year is the importance of proactive measures to prevent breaches. Always stay informed about emerging threats (and regulations), strengthen your protection layer with reliable and robust cybersecurity products, educate all your employees and invest in assessments and penetration tests to always find any weaknesses before cyber criminals do.